European stocks rose by trade talk optimism
Publish Date : 2019/11/07 - 11:43

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.

Source: Reuters

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