European stocks close higher on global trade and political reprieve; Clydesdale Bank down 21%

Thursday, 5 September 2019 23:10 WIB

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European stocks closed higher on Thursday following confirmation of new U.S.-China trade talks and progress for U.K. lawmakers trying to block a no-deal Brexit.

The pan-European Stoxx 600 was 0.7% higher to 385.90 at the closing bell having earlier hit a one-month high, with autos jumping almost 3% to lead gains on the back of the expected resumption of U.S.-China trade negotiations. Health care was the worst performing sector, shedding 0.76%.

China’s Ministry of Commerce said Thursday that U.S. and Chinese trade negotiators held a phone call in the morning and agreed to meet in early October for another round of negotiations. In a statement to CNBC, a U.S. Trade Representative spokesperson confirmed the phone call, but did not confirm the October meeting.

Source : CNBC


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