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Europe's core resource stocks – with their high exposure to China – led gains, up about 0.7%. It comes at a time when the market is largely in line with the evolution of world trade. Representatives from the United States and China are expected to resume negotiations this week.
Both parties reported progress after five days of negotiations last week, with President Donald Trump saying he might be willing to postpone the March 1 deadline for an agreement.
With regard to individual stocks, Wirecard in Germany has climbed to the top of the European benchmark after the BaFin financial watchdog has banned the creation or increase of short positions on the shares of the company. The company's shares jumped 8% on news.
Meanwhile, the Coca-Cola HBC soft drink bottler dropped to the bottom of the index. This comes after the company announced on Monday that it would buy the maker of biscuits and confectionery Serbian Bambi for a business value of 260 million euros ($ 294 million). Shares listed on the London Stock Exchange have lost nearly 2%.
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