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Autos, miners push European shares higher

Published 11/04/2019, 04:25 PM
Updated 11/04/2019, 04:32 PM
Autos, miners push European shares higher
DE40
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STOXX
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SXAP
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SXPP
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SHLG
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Nov 4 (Reuters) - European shares started the week on a
strong footing on Monday, powered by gains in shares of
automakers and miners and signs of a warm tone to U.S.-China
trade talks over the weekend.
The pan-European STOXX 600 index .STOXX rose 0.5%,
touching its highest level since January 2018.
The United States and China late on Friday said they had
made progress in talks aimed at defusing a nearly 16-month-long
trade war that has harmed the global economy, and U.S. officials
said a deal could be signed this month.
That helped push the tariff-exposed European autos sector
.SXAP up 2%, the biggest gain of the market's main
sub-sectors. Miners .SXPP rose 1.5%.
Trade-sensitive Frankfurt shares .GDAXI rose 0.7%, also
helped by a 6% gain for Siemens Healthineers SHLG.DE after it
said it expected strong growth to continue next year following a
better-than-expected fourth quarter.
Purchasing manager surveys from across the euro zone are due
later on Monday.

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