[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.
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.
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 »
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 »
Europe: Stocks regain ground, hoping for smoother US-China trade[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. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: stocks rise at open[LONDON] European stock markets rose in opening trade on Friday despite news that US President Donald Trump has pulled the trigger on a steep increase in tariffs on Chinese goods. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks extend gains at open[LONDON] European stock markets climbed at the open on Wednesday, building on the previous session's strong gains. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Auto stocks drive shares higher on tariff delay hopes[BENGALURU] European stocks surged late in Wednesday's session to wipe away early losses after US officials said President Donald Trump was expected to delay auto tariffs by up to six months. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Cautious open for stocks as trade fears linger[TOKYO] Tokyo stocks opened almost flat on Wednesday, with trade war fears lingering despite optimistic comments from US President Donald Trump that helped US shares recover losses from earlier in the week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks end higher as trade talks endWall Street stocks finished a roller-coaster session with modest gains on Friday (May 10) after the United States and China promised to keep ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »