MILAN, Oct 9 (Reuters) - European shares moved sharply
higher and the Chinese currency in the offshore market jumped on
Wednesday after a Bloomberg report said China was still open to
agreeing a partial trade deal with the United States.
The pan European STOXX 600 .STOXX stock benchmark was up
0.7% by 0930 GMT, while Germany's trade-sensitive DAX .GDAXI
gained 1.3% to hit a one-week high.
The news of a partial trade deal rippled through currency
markets sending trade-oriented currencies such as the Australian
dollar and the kiwi dollar rallying to the day's highs.
The Chinese currency in the offshore market CNH=D3
strengthened 0.5% to 7.1336 yuan per dollar.
Citing an unnamed official with direct knowledge of the
talks, Bloomberg said China would accept a limited deal as long
as no more tariffs are imposed. In return, Beijing would offer
non-core concessions like purchases of agricultural products,
the report said.