After closing on Wednesday at the highest level since July 20, 2015, the Stoxx Europe 600 SXXP, +0.25% added 0.38% to 406.59.
Thursday’s rise occurred after a report in Bloomberg News cited a spokesman from China’s Ministry of Commerce as saying that in so-called phase-one deals, both sides will roll back tariffs in the same proportion. U.S. stock futures ES00, +0.48% also advanced on the report. ArcelorMittal MT, +5.23% rose 5.7% as the steelmaker’s 32% slump in third-quarter Ebitda on lower shipments of steel and iron ore nonetheless beat expectations.
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