European stocks jump to 5-week high on trade talks hopes

European stocks opened higher today, to continue gaining for the second straight day to a 5-week high, as most markets are optimistic about the latest round of the US-China trade talks by next month, in addition to fears about the political crisis in the UK easing.

As of 10:55 GMT, Stoxx Europe 600 rose by 0.7% to the highest level since August 1st, while it closed higher by 0.9% yesterday, after the easing of the political tensions in the UK and Hong Kong.

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

The Chinese Commerce Ministry stated that the latest round will be held in Washington in the first of October, after intensive calls with US officials, as the two sides agreed to work together in paving the way for the next round of talks.

The spokesman for the US Trade Representative confirmed the phone call in comments to CNBC television, but did not confirm the date of the meeting.

The US Trade Representative's Office spokesman confirmed the calls to CNBC television, but did not confirm the date of the next round of talks.

British PM Boris Johnson agreed today not to ravel a bill that demand a new delay for the Brexit deadline.

While the British Parliament passed a bill to delay the Brexit deadline yesterday, 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 0.8%, France's CAC 40 rose by 0.9%, and Germany's DAX rose by 0.8%.

While in London, the FTSE 100 fell by 0.6%, unlike the uptrend in other markets, as pound against a basket of global currencies.

S&P 500 futures rose by 1.1%, to a 5-week high ahead of Wall Street's official opening, as it closed yesterday higher by 1.1%, its fourth gain in the last 5.