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European Stocks Cautiously Higher on Signs of Trade War Easing


Friday, 30 August 2019 14:25 WIB

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European stocks traded cautiously higher on Friday morning after China struck an accommodating tone over its trade war with the U.S., while British opposition lawmakers plan to trigger an emergency debate to prevent a no-deal Brexit.

The pan-European Stoxx 600 edged 0.1% higher in the early minutes of trading, technology and basic resources stocks leading gains with a 0.4% rise while household goods fell 0.2%.

Stocks worldwide are experiencing a reprieve after the Chinese Ministry of Commerce on Thursday indicated that it would not escalate the trade war with Washington, urging negotiation and collaboration in pursuit of a “calm” resolution.

Source : CNBC


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