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CAC 40 Rallies On Trade Optimism

French stocks traded high on optimism about a U.S.-China trade deal after U.S. President Donald Trump said that a partial trade agreement would be signed in the middle of next month. In what could be a major milestone in a bilateral trade war, Trump also said that he would later travel to Beijing to begin talks on the next phase of the agreement.  Meanwhile, China’s central bank announced fresh stimulus for the country’s stuttering economy. The People’s Bank of China plant to cut banks’ reserve requirement ratio by 50 basis points on Jan. 6, freeing up more than USD 100 billion for loans to small businesses.

source: nasdaq.com