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European stocks as surge as draft Brexit deal agreed

“European stocks soared on Thursday morning after a draft Brexit deal was agreed between the U.K. and the European Union” writes Elliot Smith for cnbc.com. Weak U.S. retail sales data also weighed on stocks overnight, with an unexpected drop raising concerns about the state of the world’s largest economy.Staying stateside, U.S. and Chinese trade negotiators are working on phase one of a trade deal text to be presented to presidents Donald Trump and Xi Jinping, according to U.S. Treasury Secretary Steven Mnuchin.On the data front, U.K. retail sales for September are expected at 9:30 a.m.
 
Source: cnbc.com



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