European stocks gain amid positive global cues

Investors awaited the release of minutes from the latest meetings of two of the world’s key central banks.

Feb 20, 2019 09:02 IST India Infoline News Service

EU stock market
Shares in European markets were trading in the green led by miners and carmakers on Wednesday.

Investors awaited the release of minutes from the latest meetings of two of the world’s key central banks. Contracts on the Dow Jones, S&P 500 and Nasdaq indexes were little changed, and Treasuries ticked lower.

With the US and China continuing tough negotiations toward a trade deal, the focus has shifted to a key campaign promise made by President Donald Trump, namely addressing Beijing’s periodic devaluation of the yuan.

Meanwhile, investors will also be preoccupied with the release of minutes from the Federal Reserve later on Wednesday and from the European Central Bank a day later.

Further, the yen dropped after Japan’s trade deficit came in wider than expected, and the pound slipped as Prime Minister Theresa May headed back to Brussels in a last-ditch attempt to save her Brexit deal.

-With inputs from Bloomberg

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