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European core resource stocks – with their high exposure to China – posted the best performances in morning trading, up more than 1.3%. This is because the market is largely focused on global trade negotiations and there is only one week left until the deadline for an agreement with China expires.
Chinese Vice Premier Liu He is scheduled to meet President Donald Trump at the White House on Friday. The meeting follows the reports that both sides have begun to set out commitments in principle on the most delicate issues of their protracted dispute.
Regarding individual stocks, the French group Sopra Steria climbed to the top of the European benchmark. The group of consultants announced an annual turnover up nearly 7% in 2018 and expects a slight improvement in the operating margin of activity. Shares of the Parisian stock market climbed nearly 16%.
At the same time, the Swedish manufacturer of radiation therapy equipment Elekta has dropped to the bottom of the list. The company on Friday released a lower-than-expected base profit for the third quarter, which led the stock to sell more than 11%.
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