[ad_1]
European auto stocks and core resources, with their strong exposure to China, led the rise, both up by more than 1.2% shortly after the bell. opening. It comes at a time when market players are watching the latest round of trade talks between Washington and Beijing.
Representatives of the United States and China on Tuesday launched a new round of negotiations, with a follow-up session of high-level talks scheduled for later in the week.
Last week, President Donald Trump suggested extending the deadline of March 1 for an agreement, which would prevent an immediate increase in tariffs on Chinese imports worth $ 200 billion from 10 to 25%.
Glanbia, Ireland, climbed to the top of the European benchmark during the morning session. The nutrition company reported a pre-tax profit up 16% in 2018, adding that it is expected to grow between 5% and 8% by 2019. Group shares have jumped nearly 10%.
Meanwhile, Britain's Sainsbury dropped to the bottom of the index. This comes after the British regulator of competition announced Wednesday that the $ 9.5 billion takeover of Asda, owned by Walmart, should be blocked or would require the sale of a significant number of stores. Sainsbury shares fell more than 12% on news.
Source link
