Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

European shares lifted by U.S.-China trade optimism; LVMH gains

Published 11/25/2019, 04:15 PM
Updated 11/25/2019, 04:16 PM
European shares lifted by U.S.-China trade optimism; LVMH gains
LVMH
-
STOXX
-
SXPP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Nov 25 (Reuters) - European shares rose for the second
straight session on Monday following reports that Washington and
Beijing were nearing a trade agreement, while LVMH gained after
signing a deal to buy U.S. jewellery chain Tiffany.
A Chinese state-backed tabloid said on Monday China and the
United States were "very close" to an initial trade agreement,
adding to optimism from Friday, when the presidents of both the
countries reiterated their desire for a deal. The pan-European STOXX 600 index .STOXX was up 0.6% at
0802 GMT, led by trade-sensitive miners .SXPP .
French luxury goods group LVMH LVMH.PA rose 1.7% after
saying it had reached a definitive agreement to buy Tiffany & Co
TIF.N in a $16.2 billion deal. Focus now turns to the German IFO business sentiment survey
due later in the day. Economists expect a reading of 95 for
November, slightly higher than the 94.6 recorded in October,
according to a Reuters poll.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.