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European shares ride trade relief rally


Thursday, 20 September 2018 23:25 WIB

Stoxx 600Saham EropaStoxx Europe 600


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European shares surfed a worldwide rise in stock markets on Thursday as fading concerns about the trade war between the United States and China lifted investors into a risk taking mood.

The pan-European STOXX 600 closed up 0.7 at 382.630 percent while the leading euro zone stock index scored its ninth straight session of gains, up 1.1 percent, its best performance in two months.

Autos, banking and mining sectors led gains as investors stayed resolutely focused on hopes that the latest shots in the trade war could drive the dispute toward resolution.

Autos gained 1.8 percent, also helped by Kepler Cheuvreux upgrading its recommendation on the sector.

Markets have shrugged off an escalation on Tuesday of the tariff war between the United States and China, focusing rather on the tariff levels being lower than expected and on hopes that the dispute may be nearing an end.

Source: Reuters


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