European stocks end up as business fears subside



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DirectEuropean equities rose on Tuesday as trade issues between China and the United States eased.

The basic resources and automotive sectors were the main winners of the European stock exchanges showing a positive evolution of the exchanges.

The Office of the US Trade Representative has announced the postponement of the application of the proposed tariffs on certain Chinese products to December 15, and some imports have been removed from the list that will be subject to customs duties.

Trade negotiators in China and the United States also had telephone talks Wednesday in the hope of resolving outstanding trade issues.

The increase in European shares coincides with the political turmoil as the Italian Senate is to meet today to set a date at which the government no longer needs to trust, after the right-wing League announced the week last that his ruling coalition with the five-star movement had collapsed.

In another context, the People's Bank of China set the reference price of the yuan at 7,0326 per dollar higher than expected, but the highest barrier of 7 yuan for the fourth consecutive session.

At closing, the STOXX 600 gained 0.5% to 372.4 points and the UK FTSE gained 0.3% to 7,250.9 points.

The German "DAX" rose about 0.6% to 11,750.1 points, and the French "CAC" index of about 1% to 5,363.07 points.

At 16:35 GMT, the euro depreciated by approximately 0.3% against the dollar, to stand at 1,178 USD.

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