EUROPEAN SHARES AT 4-YEAR HIGH FROM SINO-US TRADE OPTIMISM

NOV. 7- European shares hit four-year high last Thursday following China s statement that Beijing and Washington will pull out tariff implementation in different phases.

Both countries must pull out the implementation of tariffs on each other s goods in order to come up with the possibility of  phase one  trade pact, said Gao Feng, spokesman of the commerce ministry.

The pan-European STOXX 600 index inched higher at 0.4% by 0813 GMT as export-heavy Germany boosted the rise with 0.7%

Automakers and miners were the highest earners among the European sub-sectors all while telecom and utilities sectors were recorded to be the biggest decliners.

Siemens acquired 3.4% and is considered the biggest contributor to the STOXX 600 following a better-than-expected performance of its fourth quarter session.

https://maxitrade.com/en/european-shares-at-4-year-high-from-sino-us-trade-optimism

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