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European shares stabilise after four-day losing streak

Published 12/04/2019, 04:28 PM
Updated 12/04/2019, 04:32 PM
European shares stabilise after four-day losing streak

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Dec 4 (Reuters) - European shares edged higher on Wednesday,
after a four-day slump, as gains in technology stocks and
encouraging China services sector data helped offset more
worries around the U.S.-China trade dispute.
The pan-European STOXX 600 index .STOXX rose 0.2% by 0812
GMT, after hitting a one-month low on Tuesday following U.S.
President Donald Trump's remarks that a trade agreement with
China might have to wait until after the U.S. presidential
election in November 2020.
Trade-sensitive German shares .GDAXI , up about 0.2%, also
recovered from a 1-month low, with chipmakers including Infineon
Technologies IFXGn.DE and STMicroelectronics STM.PA gaining
after upbeat earnings forecast from U.S. peer Microchip
Technology MCHP.O .
Shares in Airbus AIR.PA rose 0.6% after winning an order
from U.S. carrier United Airlines UAL.O . A big decliner was French telecom company Orange ORAN.PA ,
sliding 3.9%, after traders pointed to disappointment over the
firm's dividend outlook even as it announced plans to carve out
its mobile towers in most European countries where it is
present.

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