Global markets were buoyed on Monday morning by expectations of another Fed rate cut and growing optimism that the US and China are moving closer to a trade deal, following comments from President Donald Trump.
The optimism wiped out gains in safe-haven assets such as gold futures and boosted stock exchanges across the globe.
Yet, leading European benchmark indexes opened mostly flat, except for Milan's FTSE MIB, which was up by 0.61%. Madrid IBEX 35 also gained 0.37% by around 11:00 CEST.
At the same time, European benchmark STOXX 600, as well as the FTSE 100 in London, remained nearly flat. The DAX in Frankfurt gained 0.15% while Paris' CAC 40 lost less than 0.1%.
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