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European stocks close higher as trade tensions ease; UK economic data disappoints


Monday, 10 June 2019 23:14 WIB

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European markets traded cautiously higher Monday after U.S. President Donald Trump announced that proposed tariffs on Mexican imports would be suspended indefinitely.

The pan-European Stoxx 600 edged 0.2% higher during the session, basic resources leading gains with a 1.2% rise while utilities fell 0.7%.

German stocks were closed for a holiday.

In terms of individual stocks, Danish biotech company Novozymes continued to slide. falling 6.7%, while Swiss vacuum manufacturer Vat Group rose 3.9%.

Source: CNBC


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