[BENGALURU] European shares rose on Friday, with surging shares of Thyssenkrupp and robust defensive stocks helping equities on the continent avert the losses seen among their US peers, which slid on persisting worries about US-China trade.
The STOXX 600 index gained 0.3 per cent, lifting off an about one and a half month closing low clocked on Thursday. The pan-European index still recorded its biggest weekly decline this year, down 3.4 per cent, bruised by trade worries."If things do escalate then this will have an impact of around 0.5 percentage points of global GDP and that would not be inconsiderable," said Julian Mayo, chief investment strategist at investment management firm Fiera Capital.Germany's DAX rose 0.
French and Italian stocks each tacked on 0.3 per cent, while their London-traded peers eased marginally. Chemicals stocks gained 1.3 per cent, with Linde leading the sector index with a 4.1 per cent rise. The firm's chief financial officer said it would hit the upper end of its 2019 earnings per share guidance, if the current business environment holds up.
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