European Daily Market Review 10.10.19

European stocks entered into recovery today and gained after it was announced that China is willing to discuss a partial trade deal with the U.S.

The DAX surged 0.94%, the French CAC-40 added 0.59% and London’s FTSE-100 soared 0.39%.

The pan-European Stoxx 600 advanced 0.36% by mid-afternoon, with trade-sensitive Autos and Technology stock baskets leading the rising path.

According to Bloomberg, Beijing is willing to discuss a potential accord providing no more tariffs are imposed by President Donald Trump’s administration, including those financial burdens expected to take place in December.

The Turkish lira depreciated after the government Turkey launched its military offensive into northeastern Syria.

The Turkish currency reversed earlier gains to trade 0.5% sunk at 5.8565 per USD as of 5:20 p.m in Istanbul. Earlier, state banks injected USD of around 5.84 per-dollar marks.

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