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European Stocks Open Higher as China's GDP Grows as Expected


Friday, 17 January 2020 15:16 WIB

Saham EropaStoxx Europe 600


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European stocks opened higher Friday morning after China's GDP (gross domestic product) numbers grew in line with expectations, lifting global markets.

The pan-European Stoxx 600 added 0.5% in early trade, basic resources jumping 1% to lead gains as all sectors except oil and gas entered positive territory.

The world's second-largest economy grew by 6.1% in 2019, its slowest in 29 years but meeting analyst expectations even amid the protracted trade war with the U.S., which reached a truce this week after Washington and Beijing signed an initial “phase one” trade deal.

Source : CNBC


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