Supported by the hopes of trade. Best week for European equities since December 2016



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Supported by the hopes of trade. Best week for European equities since December 2016



The European automotive sector led the gains with a gain of 1.7% thanks to investor optimism.

European equities continued their third consecutive session on Friday after US President Donald Trump fueled investors' hopes of reaching an agreement ending an extended trade dispute at a meeting with Chinese counterpart Xi Jinping later. this month.

The European Stoxx 600 index reached its highest level since October 10, ending its best week since December 2016 with gains of 3.4%.

Among the main European indices, the DAX <.DXX> German rose 0.6%, thanks to gains from major exporters, such as Volkswagen automaker, which rose 4%.

The European automotive sector grew by 1.7%, thanks to investor optimism about signs of progress in trade negotiations.

The tech sector index rose 1%, ignoring disappointing results from Apple, as the iPhone maker shares plunged 7%. The banking sector index closed up 1.4%.

Ayman Zamel

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