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US Commerce Sec. Ross: Hope to reach a trade deal with EU in 2020

"The United States' working assumption is that the and Europe can make a trade deal,"  United States Commerce Secretary Wilbur Ross told Fox Business Network on Thursday and added that they hope to finalize a trade deal with the EU in 2020.

"We hope to reach a trade deal with the UK this year," Ross said. "The US is eager to cooperate with India but I doubt a trade deal will be reached in 2020."

Market reaction

The Euro Stoxx 50 Index failed to capitalize on these comments and was last down 0.3% on the day while Germany's DAX and the UK's FTSE were erasing 0.33% and 0.25%, respectively. 

Russia Industrial Output came in at 2.1%, above expectations (1.4%) in December

Russia Industrial Output came in at 2.1%, above expectations (1.4%) in December
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EUR/JPY hangs near 2-week lows, around mid-121.00s ahead of Lagarde's press conference

The EUR/JPY cross maintained its offered tone, around mid-121.00s post-ECB announcement and remained well within the striking distance of two-week low
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