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European traders confirmed that the escalation of the trade dispute between the United States and China was reflected in rising prices that ignored the crisis.
A US $ 34 billion import duty on China came into effect yesterday, and China immediately reacted by charging similar taxes.
The Stoxx 600 Europe index closed up 0.2%, while the German DAX rose 0.3%, while European stocks fell at one point in the session. His file at the beginning of the trade.
But sectors that have recently been hit by rising trade disputes, such as auto and commodities stocks, have fallen, suggesting investors are reluctant to buy risky assets on the market. market.
UK shares of Inmarsat posted the worst market performance, down 8% after rejecting an offer from Ecostar.
Altis Europe jumped 3.7% as speculation about potential mergers in the French telecoms sector rebounded, with the French giant Boeing announcing its willingness to take advantage of opportunities to expand its telecom business.
German stock TessenKrupp rose 2.4% after its CEO offered to leave office following growing pressure from investors for a more comprehensive restructuring of the group.
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