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European stocks close higher as trade fears fade


Thursday, 16 May 2019 23:17 WIB

IndeksStoxx EuropeSahamEropa


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European stocks traded higher Thursday as markets recovered from an early rattle caused by U.S. President Donald Trump’s renewed targeting of Chinese tech firm Huawei. The pan-European STOXX 600 hit a day high just around the close of trade.

The STOXX 600 closed up by around 1.2% at 382.88, Chemicals leading the gains with a 2.54% climb, while autos struggled to make headway, slipping 0.6%.

Thyssenkrupp was the strongest performer, its stock rising 10.03% on reports that Finland’s Kone is assessing the viability of a bid for the German industrial company’s elevators division. Kone shares traded 4.98% higher.

Source : CNBC


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