Europe opens mixed with trade hopes sparked

Thursday, 05. December 2019 09:03

European markets opened Thursday's session mixed after positive trade signals came from Beijing. China's Commerce Ministry said that the country is maintaining "close contact" with the United States regarding their trade negotiations. On the data front, Germany's Destatis reported that factory orders within Europe's largest economy slipped in October. Investors will monitor the Eurozone's GDP, employment change and retail sales data announcements that are scheduled for later today.

The DAX opened the session flat with MTU Aero Engines gaining 1%, while the FTSE 100 slipped 0.22% at the same time as Smith PLC slumped more than 3%. Meanwhile, the CAC 40 in Paris added 0.21% at the opening bell. Saint Gobain was the best performer, rising over 0.50%.

The euro was flat against the dollar to go for 1.10810 at 9:00 am CET.

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Breaking the News / GA