European markets positive as investors evaluate trade discussions

[Global Business Strategy on Digital Display]
Tom Werner/DigitalVision via Getty Images

London (UKX [https://seekingalpha.com/symbol/UKX]) +0.15% to 9,256, aiming for a third straight day of gains.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.50% to 23,836.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.67% to 7,801.

Industrial production in Austria rose by 1.8% Y/Y in July.

The annual inflation rate in Moldova eased to 7.3% in August.

Industrial production in Sweden rose by 3.8% Y/Y in July. Total orders received by Swedish industry fell by 1.4% Y/Y in July.

Spain’s industrial production advanced 2.5% Y/Y in July.

The annual inflation rate in Denmark eased to 2% in August.

Norway’s annual inflation rate rose to 3.5% in August.

The annual inflation rate in the Czech Republic slowed to 2.5% in August.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] turned 0.52% higher at 555.1, as optimism grew over Fed's rate cuts next week and later this year. The ECB is expected to leave borrowing costs unchanged tomorrow, though updated economic forecasts and guidance on the policy outlook will be closely watched.

Meanwhile, there are reports indicating that U.S. President Donald Trump has urged the European Union [https://seekingalpha.com/news/4493576-trump-wants-eu-to-slap-india-and-china-with-100-tariffs-to-squeeze-russia---reports] to impose tariffs of up to 100% on imports from both China and India to pressurize Moscow to end its war in Ukraine.

In corporates, Novo Nordisk (NVO [https://seekingalpha.com/symbol/NVO]) traded higher after the company announced it would cut around 9,000 jobs. [https://seekingalpha.com/news/4493580-wegovy-maker-novo-nordisk-to-cut-nearly-9000-jobs]Zara owner Inditex (OTCPK:IDEXF [https://seekingalpha.com/symbol/IDEXF]) sales disappointed on weaker dollar and cautious consumers.

IN THE BOND MARKET, the U.S. 10-year Treasury yield was up 1 basis point to 4.06%.

Germany's 10-year yield was down 2 basis points to 2.64%.

UK's 10-year yield was down 1 basis point to 4.63%.

CURRENCIES: (EUR:USD [https://seekingalpha.com/symbol/EUR:USD]) (GBP:USD [https://seekingalpha.com/symbol/GBP:USD]) (CHF:USD [https://seekingalpha.com/symbol/CHF:USD])

ETFS: (NYSEARCA:EWG [https://seekingalpha.com/symbol/EWG]), (NYSE:GF [https://seekingalpha.com/symbol/GF]), (NYSEARCA:EWI [https://seekingalpha.com/symbol/EWI]), (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ]), (NASDAQ:FGM [https://seekingalpha.com/symbol/FGM]), (NASDAQ:DAX [https://seekingalpha.com/symbol/DAX]), (NYSEARCA:FLGR [https://seekingalpha.com/symbol/FLGR]), (NYSEARCA:FXB [https://seekingalpha.com/symbol/FXB]), (NYSEARCA:EWU [https://seekingalpha.com/symbol/EWU]), (NASDAQ:FKU [https://seekingalpha.com/symbol/FKU]), (BATS:EWUS [https://seekingalpha.com/symbol/EWUS]), (NYSEARCA:FLGB [https://seekingalpha.com/symbol/FLGB]), (NYSEARCA:GREK [https://seekingalpha.com/symbol/GREK])

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