UPDATE 1-Dissipating trade fears boost European shares further [Reuters (UK)]
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Source: Reuters
Dissipating trade fears boost European shares further | Reuters 3 Min Read LONDON (Reuters) - European shares inched up to new one-month highs on Friday as trade tensions showed signs of easing, while results disappointments drove some sharp moves. The STOXX 600 rose 0.2 percent while Germany’s DAX, which is highly sensitive to trade and China, gained 0.5 percent after U.S. President Trump made comments indicating he would want to avoid a Sino-U.S. trade war and rejoin the Trans-Pacific Partnership (TPP) trade pact. “Markets have given cautious welcome to this news. Welcome, because avoiding a trade war is a clear economic positive. Cautious, because market trust in U.S. presidential announcements is, perhaps, a little limited,” said UBS Wealth Management chief economist Paul Donovan. The index was on track for its third straight week of gains, its longest winning streak since January. Investors have begun to shrug off geopolitical concerns to focus instead on a results season expecte
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