[BENGALURU] European stocks finished higher for a third day on Tuesday, as German shares caught up with a global stock rally after a holiday on easing trade tensions, while fresh stimulus for China's slowing economy boosted the basic resources sector.
Trading after Whit Monday holiday, Germany's trade-sensitive DAX rose 0.9 per cent, helped by gains in car makers BMW, Daimler and Volkswagen AS.Shares in industrial conglomerate ThyssenKrupp, which generates about US$1 billion euros in Mexico, jumped 4.8 per cent to the top of the DAX index.
Worries about the impact of tensions between the United States and China on the pace of growth in the world's major economies sent European stocks down about 6 per cent in May, their worst month in more than two years. "The prospect of potential loosening of policy to avert a further scaledown of the global economy, that's the reason why there has been a bit of a sentiment shift in European markets," Mr James added.
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Source: BusinessTimes - 🏆 15. / 51 Read more »