China stimulus boosts European shares, autos rally after Peugeot results [Reuters (UK)]
Liberty Latin America Ltd. - Class C (LILAK)
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Source: Reuters
China stimulus boosts European shares, autos rally after Peugeot results | Reuters 3 Min Read LONDON (Reuters) - European shares bounced on Tuesday after China signaled more stimulus measures to soften the blow from an ongoing tariff war with the United States, triggering relief in trade-sensitive tech, mining, and car stocks as some results also impressed. The pan-European STOXX 600 was up 0.6 percent by 0829 GMT, with the trade-sensitive DAX .GDAXI up 0.8 percent and the FTSE 100 .FTSE rising 0.5 percent. Sectors reliant on trade and exports to China, like tech, industrials, basic resources, and autos, were the top gainers. The autos sector .SXAP jumped 2.2 percent to its highest since Dec. 5 on the stimulus news and after a strong update from Peugeot maker PSA Group ( PEUP.PA ) soothed investors’ concerns about carmakers facing slowing demand in China. Shares in the carmaker climbed 2.3 percent to their highest since mid-November after reporting record sales for 2018. Staffing co
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