European stocks closed higher Thursday as investors reacted to the signing of a partial trade deal between the U.S. and China.
The pan-European Stoxx 600 closed provisionally up by 0.2%. Utilities shares were the biggest gainers, climbing 0.9%, while autos stocks slipped 0.9%.
President Donald Trump signed an initial “phase one” trade deal with China on Wednesday that will roll back some of the tariffs on one another’s goods and increase Chinese purchases of U.S. products.
Source: CNBC