India, July 9 -- European stocks are seen opening on a positive note Wednesday after U.S. President Donald Trump hinted at progress in U.S.-EU trade talks.
Trump said during a Cabinet meeting at the White House that the EU had been treating the U.S. very nicely recently in trade talks and a decision on tariffs is close.
Meanwhile, the EU is "working flat out" to secure a trade deal with the U.S., but was ready to retaliate if talks failed, the European official leading talks with the Trump administration reportedly said.
The Financial Times reported that European Union negotiators are closing in on a trade deal with the U.S. that would cement higher tariffs than those granted to the U.K.
U.S. stock futures edged lower as tariff-related ...