European stocks open higher as trade fears ease; Smiths Group falls 9%

European stocks opened higher Thursday as investors shrugged off worries over the U.S.-China trade dispute.

The pan-European Stoxx 600 edged up 0.4 percent, with all sectors in positive territory. Among the bourses, Italy’s FTSE MIB led the upward charge, over 0.8 percent higher.

In dealmaking news, ride-hailing firm Uber is reportedly in early discussions to buy food delivery upstart Deliveroo for several billion dollars. Bloomberg, citing people familiar with the plans, said any offer would need to be considerably higher than Deliveroo’s last reported valuation of more than $ 2 billion. Shares of listed competitors Just Eat and Delivery Hero fell on the news, down 6.5 percent and 1.9 percent respectively.

Source : CNBC

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European shares ride trade relief rally

European shares surfed a worldwide rise in stock markets on Thursday as fading concerns about the trade war between the United States and China lifted investors into a risk taking mood.

The pan-European STOXX 600 closed up 0.7 at 382.630 percent while the leading euro zone stock index scored its ninth straight session of gains, up 1.1 percent, its best performance in two months.

Autos, banking and mining sectors led gains as investors stayed resolutely focused on hopes that the latest shots in the trade war could drive the dispute toward resolution.

Autos gained 1.8 percent, also helped by Kepler Cheuvreux upgrading its recommendation on the sector.

Markets have shrugged off an escalation on Tuesday of the tariff war between the United States and China, focusing rather on the tariff levels being lower than expected and on hopes that the dispute may be nearing an end.

Source: Reuters

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European Stocks Open Steady as Brexit Negotiations Go Nowhere

European stocks opened little change Thursday as investors weigh the latest threats on the trade war between the U.S. and China and the stalled Brexit negotiations.

The Stoxx 600 Index was steady, after a 0.3% gain of Wednesday. Basic resources and the banking sectors gained ground again.

Bloomberg

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