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European shares strongly began its weekly session on Monday as gains from automakers and miners fueled the upsurge while US-China trade talks brought optimism.
The Pan-European STOXX 600 index soared at 0.5% reaching its highest index tally since January 2018.
The United States and China disclosed that they made laudable progress primarily focusing on ending the almost 16-month long trade dispute that inflicted the global economy. In line, US officials stated that the trade pact could get signed this month.
Such enforced the tariff-dependent European sectors up to 2%, the highest earning of the market’s main sub-sectors as mining gains jumped at 1.5%.
Trade-dependent Frankfurt shares recorded 0.7% powered by 6% earnings of Siemens Healthineers. This followed after the firm’s positive fourth quarter performance and their announcement of an expected expansion and growth next year.
Purchasing manager surveys across the European region are expected to be disclosed on Monday.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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