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European markets rise at the beginning of the session
Most European markets are mainly up this morning, after a more optimistic climate in Asia and Wall Street.
The FTSE 100 is the exception, down 25 points. More about this soon.
- German DAX: + 0.3% to 11,437
- CAC France: -0.1% to 5,200
- FTSE MIB of Italy: stable at 20,307
- Spanish IBEX: + 0.4% 9,220
- STOXX 600 in Europe: + 0.1% to 372
Agenda: The trade war fears less; British public finance; surveys of US companies and the euro zone
Hello and welcome to our slippery coverage of the global economy, financial markets, the eurozone and businesses.
Asian markets followed Wall Street up this morning after Donald Trump stepped up hopes of avoiding a planned 25% tariff increase on products imported from China.
The US president said that there was no "magic date" in the trade negotiations, easing fears of an increase on March 1.
Investors hope that there is still time to progress in trade negotiations. Chinese Vice Premier Liu He joins the talks in Washington today. He has obtained special envoy status in Beijing and is expected to meet with Trump during his trip.
The Hang Seng rose 0.3%, while the Nikkei rose 0.2%. Most European markets should also open higher:
IGSquawk
(@IGSquawk)European calls for opening:#FTSE 7222 -0.10%#DAX 11454 + 0.46%#CAC 5213 + 0.33%#MIB 20374 + 0.35%#IBEX 9206 + 0.27%
Also to come:
- 9h GMT: Flash PMI surveys of the euro zone for the manufacturing and service sectors
- 9.30 GMT: British data for January will provide the latest information on the state of the public sector finances before the chancellor's spring declaration in March
- 12:00 GMT: Andy Haldane, chief economist and rate decision maker at the Bank of England, delivers a speech in Glasgow
- 13h30 GMT: weekly Unemployment claims in the United States The data
- 14:45 GMT: US "flash" investigations on the PMI for manufacturing and services
Update
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