- Stocks in Europe climbed for a fourth straight session on Wednesday, propped up by positive sentiment about a potential U.S.-China trade deal, hopes of a smoother Brexit and strong economic data in China and the Eurozone.
The pan-European STOXX 600 index rose 1 percent to its highest level in nearly eight months, aided by gains on bourses across the continent. London's FTSE 100 rose 0.4 percent, but did not match advances seen on most European bourses as a firmer poundcapped gains. The profits of a significant number of the benchmark's firms are dented by a stronger pound due to the companies' reliance on overseas earnings.
Shares of European chemical firms gained about 2.1 percent, while financials services stocks added 1.9 percent largely on gains made by London-traded stocks. European chipmakers Ams, Siltronic and Infineon Technologies each rose at least 4.1 percent, gaining along with their U.S. peers, bolstered by optimism over U.S.-China trade talks.
There won’t be a US -China deal. If there is, it won’t start till 2025.
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