Global shares were mostly higher on optimism about a U.S.-China trade deal as regional markets opened the new year's first day of trading Thursday.
France's CAC 40 rose 0.8% to 6,022.63 in early trading, while Germany's DAX was little changed, inching down less than 0.1% to 13,238.78. Britain's FTSE 100 added 0.8% to 7,604.80.
Regional market sentiment has been on an upswing after President Donald Trump said an initial trade deal with China would be signed later this month. The "Phase 1" trade deal calls for the U.S. to reduce tariffs and China to buy larger quantities of U.S. farm products. The People's Bank of China said the reserve requirement ratio for financial institutions would be lowered by 50 basis points, a move that's expected to release about 800 billion yuan into the economy for lending purposes.
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