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European shares notch 4-year high on fresh US-China trade deal hopes

Published 11/27/2019, 04:15 PM
Updated 11/27/2019, 04:16 PM
European shares notch 4-year high on fresh US-China trade deal hopes

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Nov 27 (Reuters) - European shares hit a four-year high on
Wednesday as comments from U.S. President Donald Trump sparked
hopes of an imminent resolution to the prolonged trade war with
China.
Trump said on Tuesday that the United States was in the
"final throes" of work on a deal that would defuse the 16-month
trade war, while also underscoring Washington's support for
protesters in Hong Kong, a potential sticking point with China.
The pan-European STOXX 600 index .STOXX was up 0.3% at
0805 GMT, led by trade-sensitive miners .SXPP .
Finnish ship technology and power-plant maker Wartsila
WRT1V.HE jumped 3% to the top of the benchmark index as JP
Morgan raised its price target on the company.

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