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European shares climbed on Friday as Chinese factory output increased, but U.S.-China tensions remain.
The pan-European STOXX 600 surged 1.4%, with travel stocks gaining 2.7%.
Miners .SXPP and chip makers also rose after China’s industrial output increased 3.9% in April.
Global stock markets fell this month after continuous gains in April due to fears of a possible second wave of coronavirus infections.
Swiss drugmaker Roche jumped 1.4% after announcing its plan to start selling new digital diagnostics products that may lead to faster screening of COVID-19 patients.
BT Group Plc rose 8.2% after it was reported to be in talks to sell a multi-billion pound stake in its network subsidiary to infrastructure investors.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
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 ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
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