Europe Stocks Dip as Investors Assess Latest U.S. Political News

European shares slipped at the open, reversing some of Tuesday’s gains, as investors assess the latest developments in U.S. politics with president Donald Trump suffering Tuesday perhaps the worst day of his presidency.

The Stoxx Europe 600 Index fell 0.2 percent, after raising for two consecutive days. The basic resources sector was down 0.8 percent. On Tuesday, the Stoxx 600 tested its 50- and 200-DMAs, but failed to end the session above them, while the S&P 500 rose to an intraday record, before paring gains.

Bloomberg

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China`s Stocks Waver After Latest Tariff Volley

China’s stock markets swung in and out of negative territory on Monday, the first day of trading after Beijing proposed retaliatory tariffs on $ 60 billion worth of U.S. goods, the latest shot in an escalating Sino-U.S. trade war.

The Shanghai Composite index and the blue-chip CSI300 index gained 0.2 percent in morning trade. Both indexes were off earlier lows.

In contrast, shares in Hong Kong opened higher, with the Hang Seng index gaining 0.4 percent.

The yuan strengthened, gaining about 0.3 percent as of 0136 GMT to change hands at 6.8103 per U.S. dollar.

Source : Reuters

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European markets close higher after latest trade war jolt; Gerresheimer surges 8%

European stocks closed higher Thursday as investors consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-China trade war soured sentiment.

The pan-European Stoxx 600 rose 0.78 percent to close at 384.370, with all major bourses and most sectors in positive territory.

Media was the best performing sector on Thursday, rallying to close 2.3 percent higher. Earlier in the day, the U.K. government cleared the way for Twenty-First Century Fox’s bid to buy European pay-TV platform Sky, for which it is competing against U.S. rival Comcast. Sky ended the day 3.4 percent to the upside.

Healthcare stocks also rose throughout the day to close just over 2 percent in the green thanks to a boost from German pharmaceuticals packaging maker Gerresheimer, which led the gains across Europe. The firm closed 7.6 percent higher after it announced an extension of its business model and upgraded growth forecasts, though it had been trading above 9 percent earlier on in the afternoon.

Source: CNBC

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