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Daily Note – 11/10/2019 Market View: Markets rise on open trade and Brexit, Tullow, Hugo Boss, Brexit, SAP
European shares have opened strongly this morning after positive tones on both the trade and Brexit fronts. Donald Trump said the talks with the Chinese delegation went “really well” and will continue on later today. Adding further to this was the positive comments from both Leo Varadkar and Boris Johnson who see a “pathway” to a Brexit deal. Both cyclical equities and Irish equities specifically are rallying on the news this morning. Energy (aided by the stronger oil price), Financials, Materials and Industrials are the outperforming sectors. Of the Irish names, AIB, Dalata Hotel Group, Glenveagh and Irish Continental Group have all risen by over 5% this morning.