Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

European shares poised for sixth weekly gain, aided by trade optimism

Published 11/15/2019, 04:28 PM
Updated 11/15/2019, 04:32 PM
European shares poised for sixth weekly gain, aided by trade optimism

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Nov 15 (Reuters) - European shares were on course for a
sixth straight weekly gain on Friday, following a record close
on Wall Street as bullish comments from a White House official
on a U.S.-China trade deal boosted trade-sensitive miners,
technology stocks and automakers.
The pan-European STOXX 600 index .STOXX gained 0.4% by
0819 GMT, inching back to a four-year high hit last week.
White House economic adviser Larry Kudlow said late on
Thursday Washington and Beijing were getting close to a trade
agreement, citing what he called very constructive talks with
Beijing about ending a 16-month trade war. Miners .SXPP were the top gainers on the day, up about
1.5%, followed by technology stocks .SX8P .
Shares in chipmakers Infineon IFXGn.DE , STMicroelectronics
STM.BN and ASML Holding ASML.AS rose between 0.8% and 1%,
after industry bellwether Applied Materials AMAT.O forecast a
strong first quarter ahead of the 5G rollout in key markets.
Telecom shares .SXKP were boosted by a 2.5% gain in Orange
ORAN.PA after France's biggest telecoms operator said it was
preparing to split its mobile towers unit into a separate
company.

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.