DJIA27888.22
LIVE6.50(0.02%)
NDX8394.10
LIVE39.81(0.48%)

European stocks clsoe higher on China-US trade optimism


Friday, 8 November 2019 00:10 WIB

Saham EropaStoxx Europe 600


c_740_198_16777215_00_images_assets_EUROPE_BC-EU-Deutsche-Boerse-London-Stock-Exchange-IMG-jpg-640x430.jpg

European shares traded higher Thursday, having touched a four-year high early in the session after China 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 closed up 0.37% to 406.56, slightly paring earlier gains which saw the European blue-chip index hit its highest point since July 2015. Auto stocks jumped 1.7% to lead gains while utilities slid 1.9%.

China’s Commerce Ministry said Thursday that 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 said that the cancellation would be important for the two sides to reach a “phase one” trade deal, Reuters reported.

Source: CNBC


RELATED NEWS

  • U.S. stocks traded virtually unchanged to slightly lower on Wednesday as investors turned their attention to a Federal Reserve policy update later in the session that will offer insights on the path o...

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.