European markets pointed to a mixed open Friday as positive signals emerge from trade negotiations between the U.S. and China and a meeting between British and Irish leaders over Brexit.
Day one of trade talks between top U.S. and Chinese negotiators ended with markets hoping for a limited trade deal and a delay to planned increases in U.S. tariffs planned for next week. U.S. President Donald Trump characterized the discussions as "very, very good" and plans to meet with Chinese Vice Premier Liu He at the White House on Friday.
The U.S. Federal Reserve on Thursday unveiled a final package of rules loosening the capital and liquidity requirements imposed on foreign and U.S. banks in the wake of the global financial crisis. Cleveland Fed President Loretta Mester said on Thursday that the U.S. economy will likely avert a serious downturn despite trade and global slowdown risks, advocating against any further rate cuts from the central bank.
In corporate news, French newspaper Les Echos reported on Thursday that Renault's board is set to meet Friday as CEO Thierry Bollore appeals against his potential exit from the carmaker, denouncing it as a "coup."Related Tags
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