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European Stocks Cautiously Higher Amid Hopes US Will Delay EU Auto Tariffs


Tuesday, 12 November 2019 15:40 WIB

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European stocks traded cautiously higher on Tuesday morning after reports suggested U.S. President Donald Trump is expected to delay a decision on whether to impose tariffs on EU autos by six months.

The pan-European Stoxx 600 rose by around 0.1% at 405.82 in early trade, with basic resources climbing 0.6% to lead gains while retail stocks slipped 0.4% lower.

Market sentiment has been lifted slightly after reports that President Trump would announce a delay to EU auto tariffs this week, potentially averting another damaging dispute with a major U.S. trading partner.

Source : CNBC


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