European equities are up slightly despite political uncertainties

On the margins of corporate space, global traders continue to focus on tensions between the United States and major economies. During the last war surrounding the trade war with China, President Donald Trump accused China of intending to interfere with the upcoming US congressional elections next November. He said the Asian nation did not want the Republican Party to function well, because of its recent declaration of trade with China.

Trump, however, provided no evidence to support this allegation; and this assertion prompted an immediate rejection from Beijing, who said he did not interfere in the internal affairs of a country.

Squeezing trade, Trump also targeted Canada, criticizing the US neighbor for slowness in his talks over the NAFTA review. The President of the United States threatened Canada with levies and said he had recently vetoed Prime Minister Justin Trudeau's invitation to a face-to-face meeting, saying a spokesman for Trudeau government had declared

Closer to home, investors are following news from Italy, while concerns over the country's budget and deficit targets for next year and bickering within the government are worrisome.

The media has suggested that the populist parties in charge of affairs in Italy are urging the Finance Minister to resign if he does not deliver the promises made during the campaign. A spokesman for the finance minister told CNBC that the rumors are "false news" and that Giovanni Tria is concentrating on the budget figures.

The euro prolonged the losses observed at the start of the session, falling 0.42% against the dollar to 1.1668 dollars, due to fears caused by Italy. The 2019 budget of the coalition government could be delayed. However, the government said in a statement on Thursday that it would meet at 6 pm GMT (2 pm ET) to set its economic goals for the next three years.

In the Brexit news, Chancellor of the Exchequer Philip Hammond tweeted on Wednesday that the autumn budget statement will be presented earlier than usual on October 29, ahead of a key Brexit summit in November.