European stocks seen slightly higher despite rising US political uncertainty

U.S. and Chinese trade negotiators are set to meet in Washington, D.C., on Oct. 10, three people close to the talks told CNBC.

European shares are set to open slightly higher on Friday, with gains capped by escalating political uncertainty in the United States.Britain's FTSE 100 is seen rising 11 points to 7,364, Germany's DAX up 17 points at 12,300 and France's CAC up 7 points at 5,618, according to IG index. The report, published on Thursday, claimed the U.S. leader abused his office by enlisting the support of Ukraine to interfere in the 2020 U.S. election and that his administration tried to "lock down" records of a conversation between Trump and Ukrainian President Volodymyr Zelensky.

On the U.S.-China trade front, negotiators on both sides are set to meet in Washington, D.C., on Oct. 10, three people close to the talksIn Asia, stocks were mostly lower as fresh data showed China's industrial profits for August fell 2% from a year earlier. MSCI's broadest index of Asian shares excluding Japan dropped around 0.3%.

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The stock market's performance during the last US impeachment inquiry suggests investor fears may be overblownAn impeachment inquiry brings 'little justification' for investors to change their portfolios, JPMorgan Chase strategist John Normand said. Keep in mind though e-commcerce was fueling that market, this one doesnt really have anything like that charging it I am just sorry, but all these financial websites who are onlylook at this Huge political scandal only in the eyes of how it could hurt investors shows why America is in sad shape. You all should be worried about upholding our democracy and freedoms. That is far far more import
Source: BusinessInsider - 🏆 729. / 51 Read more »

European stocks seen slightly higher amid US-China trade optimismEuropean stocks are set to open higher on Thursday amid hopes that the U.S. and China will be able to resolve their protracted trade battle. News bot AI making a killing on the Trump 123 play? 1) Dow flat 2) Trump bad news out -Dow down - place long trade in anticipation of 3) Trump good news China tweet - and market up- close long. Works every time?
Source: CNBC - 🏆 12. / 72 Read more »