European shares higher on hopes of rate cut, trade optimism [Reuters (UK)]
VALEO SE S/ADR (VLEEY)
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Source: Reuters
European shares higher on hopes of rate cut, trade optimism - Reuters 2 Min Read (For a live blog on European stocks, type LIVE/ in an Eikon news window) July 4 (Reuters) - European shares advanced for the sixth straight session on Thursday, as investors took heart from signs that the U.S.-China trade talks are back on track, with expectations of interest rate cuts by central banks lifting the sentiment. By 0710 GMT, the pan-European STOXX 600 index was up 0.1%, while the euro zone’s STOXXE gained 0.2%, a day after both the bourses hit fresh 2019 peaks on hopes that France’s Christine Lagarde will stick to ECB’s dovish policy stance as the bank’s next chief. Trade-sensitive auto stocks and technology companies sectors led the charge among European sectors on news that top representatives from the United States and China are arranging to resume talks next week. Also helping the auto stocks were gains in shares of French car parts company Valeo after its executive Marc Vrecko told Reute
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