European stocks jump to 5-week high amid high hopes

European stocks opened higher today, to continue gaining for the third straight day to a 5-week high, amid high sentiment after the announcement of the latest round of the US-China trade talks by next month, in addition to British Parliament passing a bill to prevent the no-deal Brexit.

As of 08:35 GMT, Stoxx Europe 600 rose by 0.1% to the highest level since August 1st, while it closed higher by 0.7% yesterday, after the easing of the US-China trade war concerns.

The index rose today to continue gaining for the third straight day, to a 5-week high, with most of the European markets and sectors rising.

S&P 500 futures rose by 0.4%, as it closed yesterday in Wall Street higher by 1.3%, its second straight daily gain.

The US and China agreed Thursday to hold another round of the trade talks on a ministerial level in Washington in the first of October.

In a telephone conversation, the two sides agreed to work together in paving the way for the next round of talks.

In the UK, British PM Boris Johnson agreed yesterday not to ravel the bill that demand a new delay for the Brexit deadline.

While the British Parliament passed a bill to delay the Brexit deadline on Wednesday, another blow to Prime Minister Boris Johnson to prevent the country from exiting the EU without a deal on October 31st.

In terms of trading, Euro Stoxx 50 rose by 0.1%, France's CAC 40 rose by 0.1%, with Germany's DAX rising by 0.2%, and in London the FTSE 100 rose by 0.1%.