๐Ÿ‡ฌ๐Ÿ‡ง

Global markets cheer trade and Brexit hopes

Video Credit: Reuters Studio
Published on October 11, 2019 - Duration: 01:37s

Global markets cheer trade and Brexit hopes

Asian shares jumped on Friday after U.S. President Donald Trump said he would meet with Chinaโ€™s top trade negotiator, stirring hopes for an agreement, while sterling resumed its climb amid optimism over a possible Brexit deal.

Ciara Lee reports

Advertisement

Global markets cheer trade and Brexit hopes

Hopes of deals around the world gave global markets that Friday (October 11) feeling.

Asian shares jumped after a first day of trade talks between U.S. and Chinese delegates.

Donald Trump described the discussions as "very very good", and has agreed to meet with China's top trade negotiator.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.3 percent.

The bullish market mood continued in Europe.

The pan-European STOXX 600 climbed 0.5 percent with shares in Frankfurt up 0.8 percent.

Germany's SAP helped with that.

Its shares jumped 7.4 percent after the world's leading enterprise software firm pre-released strong Q3 results, as well as news that its CEO is stepping down after a decade at the helm.

Bill McDermott is handing the task of completing SAP's transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.

It ends an an era in which McDermott struck a string of multi-billion-dollar deals.

They built SAP into Europe's leading technology group, but also created complexity that frustrated many clients.

Tech sector shares were up 2.5 percent - touching a two-month peak.

There was respite from Brexit gloom too.

Irish Prime Minister Leo Varadakar said on Thursday (October 10) that a Brexit deal could be clinched by the end of October.

That followed a meeting in the UK with Boris Johnson.

Bucking the trend though was London's FTSE 100.

It shed 0.3 percent as shares of export reliant firms took a beating from a firm sterling.

You are here


๐Ÿ’ก One News Page Knowledge: Other News Mentions

Donald Trump

45th president of the United States
The Trump administration is told to resume a programme that protects immigrants from deportation.
Credit: BBC News - Published 5 hours ago

A bill allowing the United States to prosecute anyone involved in doping at international events is signed into law by President Trump.
Credit: BBC News - Published 7 hours ago

The US has about 700 personnel in the country targeting al-Shabab and Islamic State militants.
Credit: BBC News - Published 19 hours ago



Brexit

The United Kingdom's withdrawal from the European Union
Boris Johnson agrees with the European Commission president on a return to the negotiating table.
Credit: BBC News - Published 22 minutes ago

EU and UK negotiators call in leaders in last ditch effort to secure a trade deal.
Credit: BBC News - Published 18 hours ago


Related news from verified sources

Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-U.S. trade truce with...
on October 15, 2019 • Reuters

As the first stage of the Brexit denouement draws closer John Stepek loks at how the week's events have affected the charts that matter the most to the global...
on October 19, 2019 • MoneyWeek

An index of global stock markets climbed to a 21-month high on Monday, boosted by growing hopes for a U.S.-China trade deal and the view that the U.S. Federal...
on October 28, 2019 • Reuters

Related videos from verified sources

Is The Sheen Off of Estee Lauder? 01:18
Video credit: The Street - Published on October 31, 2019 

Will the 10-Year Bull Run Continue? What Could Stop It? 05:44
Video credit: The Street - Published on October 28, 2019 

Here Are the Two Biggest Headwinds Hitting Stocks, as Global Stocks Fall 01:29
Video credit: The Street - Published on October 23, 2019 

You might like