European stocks seen higher in hopes of Brexit trade deal

European equities opened higher in a light trading session as traders became optimistic and a Brexit trade agreement would be reached.

Britain’s FTSE 100 is seen climbing 38 points to 6,530 and France’s CAC up 15 points at 5,552, according to index data from IG. The German and Italian markets are closed for Christmas Eve.

Britain and the European Union are said to be at the forefront of striking a post-Brexit trade deal on Thursday. It comes after months of political squabbling over important fixing points like fishing.

The Prime Minister of the United Kingdom Boris Johnson is due to speak to European Commission President Ursula von der Leyen around noon. 7 about London time. Johnson is then expected to hold a press conference an hour later.

In Asia, equities were mostly higher as investors watched recent Brexit developments. MSCI’s broadest index of Asia-Pacific equities outside Japan rose 0.5%.

On Wall Street, stock futures rose ahead of the last trading day of the holiday-shortened week.

President Donald Trump vetoed a sweeping defense proposal Wednesday, breaking the Republican-led Senate. The move came after he called the Congressional long-term delay package of $ 900 billion. $ Coronavirus as an unsuitable “disgrace”.