European shares rose to their highest record in four years as news suggested signs of progress in US-China trade talks, as well as positive earnings reports from European companies.
Shares of Siemens increased after the German industrial company meet fourth-quarter earnings expectations. Lufthansa rose 6.5% on a program to cut costs and some units in order to provide more profits.
Travel index SXTP jumped 1.4% by the German airline’s shares, to the best position among European sub-sectors.
Chinese Commerce Ministry announced two sides decided to remove tariffs imposed during the trade war.
The news led to Frankfurt shares to rise 0.7% to their highest level since February 2018.