Stoxx Sxxp: Mario Draghi and Ftse Ukx

stoxx sxxp: What's moving the market China Commerce Ministry spokesman Gao Feng said existing US tariffs must be removed before a trade deal can be struck, but confirmed the two nations had restarted negotiations, according to Market Watch. The DAX DAX, -0.49% and the Stoxx 600 SXXP, -0.72% remained flat and FTSE 100 UKX, -0.66% edged up 0.1% as the threat of trade war escalation was offset by continued optimism over Christine Lagarde's nomination to replace Mario Draghi as president of the European Central Bank. Markets have been subdued with the U.S. shut for business for the Fourth of July holiday. The selection of the International Monetary Fund managing director has bolstered expectations of further monetary policy easing later this year. In economic data, the German construction sector continued to struggle as the latest purchasing managers index PMI survey reading fell for a third consecutive month to its lowest level since October last year. U.S. President Donald Trump, meanwhile, ramped up his rhetoric against Europe and China Wednesday, accusing the pair of playing a big currency manipulation game and suggesting the U.S. should employ the same tactic. (news.financializer.com). As reported in the news.