[Golden Scout] European Stocks Seen Higher as U.S. Stimulus Hopes Grow

Kuala Lumpur 3:00p.m.(GMT +8), the DAX futures contract in Germany traded 0.4% higher, CAC 40 futures in France climbed 0.2% and the FTSE 100 futures contract in the U.K. rose 0.1%. 

The White House and Democrats in the U.S. Congress moved closer to agreement on a new coronavirus relief package on Tuesday as President Donald Trump said he was willing to accept a large aid bill, in an attempt to get a deal done before the Nov. 3 election.

Negotiations between House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will continue on Wednesday.

Photo: White House

The impact of the coronavirus outbreak on the global economy was illustrated by a United Nations report Wednesday, which said the value of global trade is set to fall by 7% to 9% in 2020 from the previous year.

U.S. crude futures traded 0.8% lower at $41.38 a barrel, while the international benchmark Brent contract fell 0.9% to $42.78.

Elsewhere, gold futures rose 0.2% to $1,918.70/oz, while EUR/USD traded 0.2% higher at 1.1849.

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