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