European stocks moved higher Thursday morning as investors monitored U.S.-China trade, data releases and an OPEC meeting.

The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black. Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler. Shares of the latter rose 11% in early deals.

Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress. According to a Bloomberg report, citing people familiar with the talks, the two economies are moving closer on their first-phase deal. However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election.

OPEC members are also due to start their first day of talks in Vienna. Market players are expecting deeper oil supply cuts later this week.

Source : CNBC