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Europe Markets Higher Despite Global Trade Tensions

Tuesday, 3 December 2019 15:39 WIB

EropaSaham EropaStoxx Europe 600

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European stocks were higher Tuesday morning despite an escalation of global trade tensions during the previous session.

The pan-European Stoxx 600 was up by 0.4% at 402.75 shortly after the open, with most sectors trading in the black. Chemicals and tech stocks were among the top-performing sectors.

President Donald Trump announced tariffs on steel and aluminum imports from Brazil and Argentina on Monday — sparking further global trade tensions. In this context, basic resources stocks fell 0.38% in early trade - the sector is highly volatile to global trade and metal news.

Source : CNBC

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