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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
ORAN
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IFXGn
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AMAT
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ASML
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STOXX
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SX8P
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SXKP
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SXPP
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(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.

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