[BENGALURU] European shares ended higher on Monday with telecom and retail stocks leading gains as Sino-US trade optimism and strong Chinese economic data eased some worries over global growth - though lacklustre earnings from big US banks weighed.
Reuters reported that US negotiators had tempered demands that China curb industrial subsidies as a condition for a deal after strong resistance from Beijing."Growth worries will continue to be shrugged off as long as trade talks go well and central banks continue to support monetary policy," said David Madden, an analyst at CMC Markets, London.
Shares of Norwegian metals maker Norsk Hydro rose to more than two-month highs after the company won further support for its bid to resume full output from its Alunorte alumina refinery in Brazil.
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