Set to open slightly higher as investors monitor trade


Markets in Europe are set to nudge higher at the open Monday, with investors continuing to monitor trade developments between the U.S. and China.

The U.K.’s FTSE 100 is set to open higher by 6 points at 7,209; the French CAC is expected to open 10 points higher at 5,337 points; and the German DAX is seen 5 points higher at 12,084.

On Friday, Trade talks between U.S. and Chinese negotiators broke up without a deal, shortly after America ramped up its tariff rate to 25% on $200 billion worth of Chinese goods.

In an interview with Fox News on Sunday, White House Economic Advisor Larry Kudlow said President Donald Trump and Chinese President Xi Jinping are likely to meet at the upcoming June G-20 summit in Japan. Kudlow said the chances of such a meeting “were pretty good,” but he said there are “no concrete, definite plans” for when U.S. and Chinese negotiators will meet again.

In Asia, mainland Chinese shares declined by the afternoon on Monday amid the uncertainty on the U.S.-China trade front. Markets in Hong Kong are closed for a holiday.

Back in Europe, E.On and Centrica are the two notable companies reporting earnings on Monday. Trump is set to welcome Hungarian Prime Minister Viktor Orban to the White House and there are no major data releases of note.

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