[BENGALURU] European shares reversed course to end in positive territory on Thursday, with deal-making news in Germany helping to prop up the pan-European benchmark as it overcame fears of an escalation in the US-China trade war.
The latest Huawei sanctions helped rivals Ericsson and Nokia to advance by 2.1 per cent and 4.1 per cent respectively.Paris-traded stocks rose 1.4 per cent, matched by the Milan benchmark while London-listed equities firmed by 0.8 per cent.Germany's DAX jumped by 1.7 per cent for a third consecutive daily gain, though tariff-sensitive automotive shares did not contribute. The gains in Frankfurt were mainly driven by news of corporate deals.
Basic materials stocks rose by 1.6 per cent, with Norsk Hydro up 4.9 per cent after a Brazilian federal court lifted one of two production embargoes on a plant owned by the Norwegian metals producer.
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