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FTSE is tipped to open higher as the markets climb

FTSE is tipped to open higher as the markets climb

November 11
07:28 2019

There are the bright possibilities in the offing of US-China trade war coming to an end.

All the Asian share markets observed a steep climb this morning only. This climb attained a record height that toppled more than fourteen weeks highs. This climb was with abroad regional gauge.

This onset of good days in Asian stock market brightened the prospects of US-China trade talks, as it upbeat the US job data on Friday.

The broadest Index of Asia Pacific Shares outside Japan, from MSCI, observed a jump of 1.08 per cent. It touched the highest level since July 24, this year. This gain is on track for recording its biggest one day gain since October 11th, this year.

The European Equity Markets were also set to follow Asia to the higher level. It is with the Pan Region Euro Stoxx 50 futures up higher by 0.53 per cent, the German DAX futures up higher by 0.49 per cent, and FTSE futures rising high by 0.41 percent in during early trading in early morning only.

Asian markets showed steep climbs all over. Hong Kong in Asia has its Hang Seng rise up higher by 1.36 per cent and Seoul’s Kospi rise higher by 1.43 per cent. Mainland China saw the blue chips to climb up higher by 0.72 per cent. The shares in Australia recorded a climb of 0.27 per cent on this day.

The stock markets in Japan were closed, due to a holiday in the country.

The United States and China, both expressed their optimism over the progress made on talks regarding diffusing the protracted trade war between them, on Friday itself. The United States officials expressed hope that a deal could be signed with China in this month only.

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