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European stocks set to open with steady notes

European stocks on Friday could rise slightly from flat as investors are waiting for more clarity about the new US potential Coronavirus Relief bill.

Speaker of the House Nancy Pelosi said Thursday that without a broader coronavirus stimulation package for the country, there would be no separate bill for additional airline assistance.

Bloomberg reported that the Trump administration was ready to accept something bigger as discussions continued against an enthusiastic background.

Meanwhile, Dr. Donald Trump said the president had “completed a course of treatment for Covid-19” and hopes to “return to public involvement” on Saturday.

In France, near its hometown, four more highly infected cities are tightening their coronavirus regulations.

German health Authorities warned of an increase in numbers and raised concerns that stricter restrictions could hinder Europe’s largest recovery. Economy..

Pubs and restaurants in the UK hotspot appear to face new restrictions after new data suggest that a serious infection is occurring in the hospitality environment.

Asian market Following Wall Street, the eight-day holiday is nearing its end, with Chinese stocks driving the region’s rise.

China’s service sector business September activity shows a further recovery from the coronavirus pandemic, according to IHS Markit survey data.

The Purchasing Managers’ Index for Caixin Complex Services rose from 54.0 in August to 54.8 in September, increasing service sector production for the fifth consecutive year. This expansion was supported by the sustained growth of new businesses as a whole.

Monthly GDP estimates, industrial production, and foreign trade figures are from the UK later in the day, marking a bright day in European economic news.

Gold rose as the dollar weakened, while oil prices fell slightly as the Hurricane Delta approached the Louisiana coast.

U.S. stocks rose overnight, as President Trump said last week that the number of Americans filing new unemployment claims has dropped and exciting negotiations with Democrats have become more productive. It reached its highest closing price in more than a month.

The Dow Jones Industrial Average rose 0.4%, the tech-heavy Nasdaq Composite index rose 0.5%, and S & P rose 0.8%.

Thursday’s European market hit a three-week high, amid optimism that US stimulus negotiations are ongoing.

The Pan-European STOXX 600 rose 0.8%. Germany’s DAX rose 0.9%, France’s CAC 40 index rose 0.6%, and the UK’s FTSE 100 rose 0.5%.

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