European shares open higher; Brexit talks on rocky ground; investors await data and earnings
European markets opened slightly higher on Friday morning, as investors monitored fresh economic data, earnings and speeches from central bank policymakers.
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FTSE | FTSE | 7526.93 |
| -29.31 | -0.39% | 37423684 |
DAX | DAX | 12981.46 |
| -1.43 | -0.01% | 5958763 |
CAC | CAC | 5353.43 |
| -7.38 | -0.14% | 5284811
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The pan-European
Stoxx 600 edged 0.24 percent higher shortly after the opening bell with almost all sectors in positive territory.
U.K. investors will be watching the
stalemate following the fifth round of
Brexit talks in Brussels this week. According to the
European Union's chief negotiator Michel Barnier Thursday, there is a "disturbing deadlock" over the amount the U.K. should pay before it exits the bloc. The lack of progress means that discussion over a future trade agreement has been postponed, likely until the European Council meets in December. Meanwhile, British Foreign Secretary Boris Johnson said Thursday that it was time to quicken the pace of negotiations.
In Washington D.C., a convening of G-20 finance ministers and central bank governors continues, with
European Central Bank (ECB) board members Vitor Constancio and Sabine Lautenschlaeger set to speak. In an address in the U.S. capital Thursday, ECB President
Mario Draghidefended the institution's policy of keeping interest rates low.
President
Donald Trump is expected to outline his
policy on Iran Friday, with critics concerned it could risk the stability of the current nuclear deal.
British investment firm
Man Group will release a trading statement Friday and French luxury brand
Christian Dior will post sales data.
Stateside,
Bank of America and
Wells Fargo are set to publish third-quarter results. U.S. inflation and retail sales data will also be released.
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