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European equities reached their highest level in six weeks on Friday, supported by lower worries over US fees and strong corporate earnings.
Riquit Banczer Consumer Goods and Carrefour advance for grocery chains, Vinci Construction Group, BTI and Bank BPA after good results, pushing the STOXX 600 Europe Index to close up 0.6% .
Stokes reached its highest level since mid-June Thursday, thanks to hopes of a breakthrough in trade negotiations between the United States and Europe, while shares of auto exporting companies have increased sharply. The index finished the week up 1.7%.
But investors have remained rather cautious.
US Commerce Minister Wilbur Ross said Thursday that the US Department of Commerce would continue to investigate whether car imports are threatening national security despite ongoing trade talks with the EU.
The European automotive sector index fell by 0.2% today.
Renault action rose by nearly 2% after a volatile start to the season, with French automakers making record profits in the first half as sales in emerging markets rise.
The German BMW and Daimler, which are mbadively exporting to the US market, have declined slightly.
BHP Billiton shares rose 3% after BP agreed to buy its US oil and gas badets for $ 10.5 billion. BP's shares lost losses early in the session, closing up 0.5%.
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