European Stocks Focused On Brexit Talks, On The Rise

European Stocks Focused On Brexit Talks, On The Rise European stocks which focused on brexit talks, are on the rise. European stock markets are opening even higher on Wednesday, with little signs of progress in the Brexit negotiations, the ECB policy meeting this week, and news of confidence in the launch of the Covid-19 vaccine. At 07:10 GMT on Wednesday, German DAX futures rose 0.2 percent, French CAC 40 futures rose 0.5 percent, and British FTSE 100 futures rose 0.4 percent. British Prime Minister Boris Johnson will meet with EU Executive Commission President Ursula Von Der Leyen in Brussels late Wednesday to resolve the issues that its negotiators have been grappling with for months. Differences in fishing rights, fair competition, and ways to resolve future disputes may still exist, but the UK government's decision to annul controversial clauses in its Internal Market Bill could overshadow the dispute debate during the Brexit divorce deal.   Reassuring Covid-19 vaccines helps to keep the air positive. As Britain began vaccinating its people with the Pfizer / BioNTech vaccine, the US Food and Drug Administration issued documents stating that there were no safety concerns. In the light of these published reports, it was implied that the management will approve the use of the vaccine in America at its meeting today. There were some doubts about the temporary three efficacy levels of the Oxford / AstraZeneca vaccine, whose interim trial results were made public a few weeks ago. However, the researchers published an article on Tuesday in The Lancet magazine confirming that the Oxford / AstraZeneca Covid vaccine is safe and effective.   European Central Bank With the European Central Bank holding its last policy-making meeting on Thursday (today), more financial support seems likely this week. The central bank is expected to increase and expand the pandemic bond purchase program. “We expect the ECB (European Central Bank) to expand PEPP (Pandemic Emergency Procurement Program) and announce new TLTROs (Targeted long term refinancing operations) with easier terms at its meeting next week. "Such steps should help keep bond yields low and financing conditions facilitate economic recovery," Nordea analyst Jan von Gerich said in a research note.   Oil prices soared Wednesday, aided by vaccine optimism and an increase in U.S. oil inventories. American Petroleum Institute, according to data released late Tuesday; The US reported that crude oil supply increased by 1.14 million barrels for the week ending December 4, instead of the 1.51 million barrels expected. This data requires us to focus on the US Energy Information Administration's supply data, scheduled for Wednesday and expected to be released later. U.S. crude oil futures were trading at $ 45.69, up 0.2 percent per barrel, while the international indicator rose 0.1 percent to $ 48.89 in the crude oil contract. Both benchmarks stay well above the $ 40 level for five consecutive weeks. Gold futures fell 0.7 percent to $ 1,862.15 / ounce, while EUR / USD rose 0.3 percent to 1.2135.   Source: https://www.investing.com/ You may also be interested in: Airbnb Generates 3.5 Billion from Its IPO