European stocks opened higher Thursday morning after U.S. President Donald Trump said that a phase one trade deal with China will be signed on January 15, though details of the deal remain hazy.

The pan-European Stoxx 600 climbed 0.4% at the opening bell, basic resources rising 0.9% to lead gains as all sectors and major bourses entered positive territory.

President Trump announced in a tweet on Tuesday that a partial accord will be signed at the White House by senior Chinese negotiators in two weeks’ time, but market reaction has been stunted by a lack of clarity over the full extent of the agreement.

Source: CNBC