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European shares rebound as banks rise, trade hopes ease growth worries

Published 09/24/2019, 03:16 PM
Updated 09/24/2019, 03:20 PM
European shares rebound as banks rise, trade hopes ease growth worries
UK100
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DE40
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STOXX
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SX7E
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Sept 24 (Reuters) - European shares rebounded on Tuesday,
getting a boost from the banking sector as optimism on
U.S.-China trade soothed growth concerns triggered by
disappointing PMI surveys across the bloc.
The pan-European STOXX 600 index .STOXX rose 0.3%, with
the eurozone banking index .SX7E up 0.6% after a 2.8% tumble
in the previous session.
U.S. Treasury Secretary Steven Mnuchin said in an interview
with Fox Business Network that trade talks with Chinese Vice
Premier Liu He and U.S. Trade Representative Robert Lighthizer
were set to resume in two weeks. Trade-sensitive Frankfurt shares .GDAXI rose 0.3%,
bouncing back from a 1% drop after surveys showed growth in
services and manufacturing across the euro zone stalled in
September. London's FTSE index .FTSE moved 0.1% higher, ahead of the
Supreme Court's decision on U.K. Prime Minister Boris Johnson's
suspension of parliament, which could see the sterling rising if
there is a verdict against him.

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