DJIA25890.53
LIVE-396.30(-1.51%)
NDX10524.01
LIVE-80.05(-0.75%)

European Markets Climb After China Says It Has Agreed With the US to Cancel Existing Tariffs


Thursday, 7 November 2019 15:30 WIB

Eropa Stoxx600Saham EropaStoxx Europe 600Indeks Stoxx 600


c_740_198_16777215_00_images_assets_EUROPE_30DeHbvmqT.jpg

European markets traded higher Thursday morning after China reportedly said the world's two largest economies had agreed to cancel additional tariffs imposed in their months-long trade war.

The pan-European Stoxx 600 climbed 0.4% at 406.69 in early trade, with basic resources, autos and travel and leisure stocks all rising more than 1% as most sectors and major bourses entered positive territory. Utilities and telecoms were the main outliers, each shedding 0.6%.

Reuters reported Thursday morning that China's commerce ministry said Washington and Beijing had over the past two weeks agreed to a phased removal of duties on billions of dollars' worth of each other's goods.

Commerce ministry spokesman Gao Feng reportedly added that the cancellation would be important for the two sides to reach a "phase one" trade deal.

Source : CNBC


RELATED NEWS

  • Hong Kong stocks closed higher Wednesday after a sharp sell-off the day before and putting them back on their recent upward trajectory despite a surge in virus infections around the world. The Hang S...
  • Tokyo stocks closed lower on Wednesday, with investor sentiment hit by a downswing on Wall Street. The benchmark Nikkei 225 index fell 0.78 percent, or 176.04 points, to end at 22,438.65 while the br...
  • Hong Kong stocks went into the break Wednesday with some gains after suffering steep losses the day before, though virus fears continue to weigh on sentiment. The Hang Seng Index added 0.34 percent, ...
  • Hong Kong stocks opened slightly higher Wednesday, resuming their rally after a steep drop in the previous session. The Hang Seng Index added 0.40 percent, or 102.95 points, to 26,078.61. The benchm...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.