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Europe closes higher as China's GDP grows as expected; Stoxx 600 hit records high


Friday, 17 January 2020 23:56 WIB

Saham Eropa


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European stocks closed higher on Friday after data showed China's economy grew in line with expectations in 2019, lifting global markets.

The pan-European Stoxx 600 closed provisionally up by 0.9%, having notched a fresh record high earlier in the day. Basic resources stocks jumped over 2% to lead gains as most sectors and major bourses traded in 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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