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July 15 (Reuters) - European shares inched higher on Monday,
tracking gains in Asian markets on encouraging factory output
and retail sales data from China, which provided some respite
from worries about slowing global growth.
The upbeat data showed that the world's No.2 economy may be
stabilizing, but economic growth slowing to its weakest pace in
at least 27 years had investors betting that Beijing will
continue to roll out more stimulus. After breaking a five-week winning streak to end last week
0.8% lower, the pan-region benchmark index .STOXX rose 0.4% by
0709 GMT.
Trade-sensitive German shares outperformed, rising 0.7% on
broad-based gains after a senior U.S. official said the United
States government may approve licenses for companies to re-start
new sales to blacklisted Chinese telecoms equipment maker Huawei
HWT.UL in as little as two weeks.
Markets took it as a sign that President Donald Trump's
recent effort to ease restrictions on the Chinese company could
move forward quickly. German chipmaker Infineon IFXGn.DE and peers ASM ASMI.AS
and STMicroelectronics STM.MI rose between 0.9% and 1.5%.