logo
Plus   Neg
Share
Email

European Shares Rise Amid US-China Trade Optimism

european-market-021219-lt.jpg

European shares rose broadly on Tuesday as investors bet on an end to the trade war between the U.S. and China.

Two days of high-level talks starting Thursday would involve U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He.

Sentiment also got a boost after U.S. congressional negotiators reached an agreement to avoid a new government shutdown and provide finance for the construction of new barriers along the U.S.-Mexico border.

The pan European Stoxx 600 was up 0.6 percent at 363.33 in opening deals after climbing 0.9 percent in the previous session.

The German DAX was rallying 1.1 percent, France's CAC 40 index was moving up 0.9 percent and the U.K.s FTSE 100 was gaining 0.4 percent.

Dutch staffing firm Randstad jumped over 4 percent after its fourth-quarter results beat forecasts.

Tire maker Michelin Cie Des Estb soared 11 percent after its sales for fiscal year 2018 rose 4.1 percent at constant exchange rates.

German travel and tourism company TUI tumbled 3.5 percent after its quarterly loss widened.

Indivior fell 3 percent in London. A U.S. Court has denied the company's motion to stay issuance of the mandate following the prior ruling vacating the preliminary injunction granted against Dr. Reddy's Laboratories on SUBOXONE Film.

Industrial and technology group ThyssenKrupp dropped 1.4 percent. The company has warned of growing uncertainties despite reporting a rise in Q1 net profit and confirming full-year forecast.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Follow RTT