[MILAN] European shares gained on Tuesday, recovering most of the previous session's losses, as optimistic comments from Washington and Beijing helped soothed investors' fears about the top two economies' intensifying trade spat.
Robert Griffiths, equity strategist at Credit Suisse, said he believed Trump would not be willing to risk the effect a second round of tariffs would have on the US economy, thus leaving scope for a de-escalation.Germany's trade-sensitive DAX and London-listed equities tacked on 1 per cent, while French stocks gained 1.5 per cent.Trade sensitive European auto and tech stocks bounced 2.2 per cent and 1.
Among auto stocks, Ferrari added 3.3 per cent, leading the sector index's rise. On the other hand, Renault tempered sector gains, falling 2.3 per cent. Unicredit shares fell 1.7 per cent, on a day when Italian banks' shares were pressured due to their holdings of the country's sovereign bonds.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe: Stocks drop as China ups stakes in trade war with US[BENGALURU] European stocks continued their decline on Monday, on the heels of this year's biggest weekly loss, as an escalation in the US-China trade war battered sentiment and prompted investors to shift into safer bets. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia stocks slip, bonds rally on fears China-US trade deal unravelingAsian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
European stocks tumble as US, China exchange trade war salvosLONDON: European stock markets came under intense pressure on Monday (May 13) from new eruptions in the US-China trade war, while oil rallied on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian stocks, yuan fall as US-China seen deadlocked in trade talksSYDNEY: U.S. stock futures fell and Asian shares slipped on Monday on growing uncertainty over whether the United States and China will be able to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Global stocks slip, bonds rally as US-China trade fears growAsian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia stocks slip, bonds rally on fear China-US trade deal could unravelAsian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China, Hong Kong: Stocks extend fall on renewed US tariff threat[SHANGHAI] China stocks continued to slide on Thursday, after US President Donald Trump vowed not to back down on imposing new tariffs on Chinese imports, but there was no panic selling, with Monday's over 5 per cent plunge largely pricing in the penalty. Hong Kong shares also declined. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China urges US to respect market economy after China Mobile denied entryWASHINGTON/HONG KONG: China urged Washington on Friday to stop putting 'unreasonable pressure' on Chinese companies after U.S. regulators voted to ... This might be the funniest headline of the day.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »