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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Trade optimism, rosy earnings send European shares to four-year peakEuropean shares rose for the fifth straight session on Thursday and hit their hi... This is not just premature, its very dangerous. Gamed out, all scenarios lead to a decreased likelihood of any positive trade outcome in 2019, maybe even 2020 IF EVER. Problem now is, if markets STOP rising, a crash will happen. So reality and the situation parted ways long ago. Hell bent on not losing out on Christmas And this house of cards is one tweet away from total collapse
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