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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Asian shares hobbled by new tariff threat

Asian share markets slipped on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing.

Liquidity was thin with Japan on holiday, keeping early moves modest. Hong Kong markets could also be disrupted after a super typhoon brushed the city on its way to landfall in China’s Guangdong, the country’s most populous province.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.26 percent, snapping three straight sessions of gains.

Australian shares eased 0.2 percent, while EMini futures for the S&P 500 were off 0.19 percent. Treasury futures were little changed as were the major currencies.

U.S. President Donald Trump is likely to announce new tariffs on about $ 200 billion on Chinese imports as early as Monday, a senior administration official told Reuters.

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Asian Shares Rise as China and U.S. Weigh Fresh Talks

Asian shares nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.4 percent in early trade, following gains on Wall Street overnight.

Australian shares were up 0.5 percent, while Japan’s Nikkei stock index gained 0.9 percent.

On Wall Street, the Dow Jones Industrial Average rose 0.57 percent on Thursday, the S&P 500 gained 0.53 percent and the Nasdaq Composite added 0.75 percent.

Shares around the world have been buoyed by news of a possible new round of talks between Washington and Beijing, even as the trade war between the world’s two largest economies looks set to escalate.

Source : Reuters

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