European stocks recover on US-China trade deal talks optimism

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LONDON: European stock markets rebounded on Wednesday (Oct 9), helped by reports that China would accept a partial trade deal with the US in key ...

in northern Syria, trimmed gains after data showed US oil output at record levels and stocks rising.

"This is likely contributing to the gains we're seeing in Europe ... but unless the US is also willing to accept a limited deal - and nothing currently suggests they are - it may not lead to anything," noted Craig Erlam, senior market analyst at Oanda trading group."Traders are jumping at the prospect of good news at the moment but there's been so many false dawns in these negotiations, this may just be the latest," he told AFP.

The International Monetary Fund has forecast the weakest growth in a decade owing to the long-running tariff disputes.

 

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