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European stocks close higher amid choppy session ahead of US-China trade truce


Tuesday, 14 January 2020 23:49 WIB

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European stocks fluctuated on Tuesday as Chinese negotiators arrived in Washington to sign a long-awaited preliminary trade deal with the U.S.

The pan-European Stoxx 600 closed provisionally 0.24% higher having jumped between red and black multiple times during a choppy session. Household goods stocks added 0.65% on average and travel and leisure stocks notched a 0.75% gain.  oil and gas sector slipped 0.39% lower.

The FTSE 100 in London finished the session 0.14% above the flatline,  registering its fourth day of gains in five sessions.

The U.S. Treasury Department on Monday dropped its designation of China as a currency manipulator, an apparent gesture of good will as a Chinese delegation led by Vice Premier Liu He arrived ahead of the signing of the partial trade accord. The deal comes after more than 18 months of tit-for-tat tariff hikes between the world’s two largest economies.

Source: CNBC


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