European stocks point to cautious open as focus turns to trade and Brexit

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European stocks point to cautious open as focus turns to trade and Brexit
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European markets looked set for a cautious open Monday morning as traders look for hints on the direction of Brexit and U.S.-China trade talks.

Stocks were buoyed Friday by a positive jobs report out of the U.S. which eased fears of a slowdown in the world's largest economy. However, caution is expected to return on Monday with a fresh round of U.S.-China trade talks due to commence later this week.

Back in Europe, British Prime Minister Boris Johnson on Sunday urged French President Emmanuel Macron to "push forward" to secure a Brexit deal and reiterated his intention for the U.K. to leave the EU on October 31. Macron said the EU will decide at the end of the week whether a deal is going to be possible based on Johnson's latest proposal, which has been widely rebuffed in Brussels.

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