FTSE 100 closes higher as Trump tweet lifts mood; optimism over Johnson, Varadkar Brexit meet

FTSE 100 closes higher as Trump tweet lifts mood; optimism over Johnson, Varadkar Brexit meet

London and US stocks were boosted by optimism over US, China trade talks FTSE 100 closes up nearly 20 points Comments on "possible" Brexit deal boost pound Markets rally following Trump meeting tweet 5.20pm: FTSE closes higher FTSE 100 index closed in the green on Thursday as sentiment was boosted by positive noises on US, China trade. The UK’s premier share index finished up 19.86 points at 7,186.36. Talks in a bid to resolve the dispute between the two economic giants kicked off today but the big driver in sentiment appeared to be a tweet from US president Donald Trump that he will meet Liu He, China’s vice premier, tomorrow. "The fact Mr Trump will meet with Liu He sends a positive message, which is why we have seen an uptick in sentiment. The gulf between the two sides is wide, but a willingness to sit down and negotiate has injected some hope into the markets," suggested market analyst David Madden, at CMC Markets. Elsewhere, Joshua Mahony, senior market analyst at IG Index, added: "Markets certainly perceive the meeting as an additional opportunity for the deadlock to be broken. Despite US rejection of Chinese plans for a partial deal, rumours that the US could consider a currency pact to stave off impending tariffs at least points to some form of de-escalation." Meanwhile, the pound rose 1.43% against the US dollar on hopes of a possible Brexit deal after talks between the Irish prime minister Leo Varadkar and Boris Johnson, […]

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