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European equities posted their best performance in a day for nearly two months on Thursday after Chinese trade statistics and currency stability helped dispel some concerns over the recession and escalating trade tensions between the two countries. Beijing and Washington.
The pan-European STOXX 600 index closed up 1.7%, extending the gains of the previous session after a recovery in global stock markets after days of turmoil that triggered an escalation of the US trade war and China.
All major European indexes closed up more than 1%, although losses of British shares traded without dividends were limited by the gains of the FTSE.
The data showed that Chinese exports increased in July at the fastest pace since March, while the decline in imports was not as severe as expected, easing fears that the Commercial war will lead the world to recession.
Technology and core resources led the gains, increasing by 2.48% and 2.47% respectively. The core resource index rebounded after a series of losses that lasted 11 consecutive sessions, down about 16%.
(Reuters)
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