European equities recovered in afternoon trade Thursday after President Donald trump tweeted that the U.S. was “getting very close to a trade deal with China.”
Earlier Thursday, stocks had recorded minimal losses after the European Central Bank (ECB) kept its rates unchanged following new President Christine Lagarde’s first monetary policy meeting in Frankfurt.
By the close of trade, the pan-European Stoxx 600 was higher 0.33% to 407.58, with banks, basic resources and autos leading the charge in the wake of Trump’s trade-friendly tweet.
Source: CNBC