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Europe Markets Close Higher as Investors Monitor Earnings


Friday, 7 February 2020 00:02 WIB

Stoxx 600Saham Eropa


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European markets advanced on Thursday as earnings dominate investor focus and fears over the coronavirus outbreak start to fade.

The pan-European Stoxx 600 closed 0.45% higher at 425.54, slightly paring morning gains. Banks jumped 2% while construction and material stocks slid 0.5%.

Global markets received a boost over night as China announced that it will halve tariffs on hundreds of U.S. goods worth about $75 billion. Tariffs on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China’s Ministry of Finance. The adjustments will take effect from February 14, it said.

Source : CNBC


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