Europe: Shares rise on hopes around US-China deal and Brexit

[BENGALURU] Stocks in Europe climbed for a fourth straight session on Wednesday, propped up by positive sentiment about a potential US-China trade deal, hopes of a smoother Brexit and strong economic data in China and the Eurozone.

Positive sentiment was supplemented by data showing retail sales in the Euro zone were stronger than expected in February, while activity in China's services sector hit a 14-month high in March."Clearly the market is in a more positive mood," said Elwin de Groot, head of macro strategy at Rabobank."At least for the coming months, we are going to see a pickup in growth certainly in the Euro area.

The positive sentiment crossed the Irish Sea, with Dublin-traded stocks rising 1.8 per cent to their highest closing level in nearly half a year. Ireland is especially exposed to the fall-out from a hard Brexit. Construction and materials stocks also basked in the glow of a potentially softer Brexit, tacking on 1.8 per cent.

Healthcare stocks limited the broader benchmark's gains as they dropped 0.4 per cent. Danish bioscience firm Chr Hansen Holding A/S fell 6.8 per cent to lead losses on the sector index after its second quarter results failed to impress investors.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US economic adviser Kudlow says US ready to extend China talks by weeks or monthsWASHINGTON (BLOOMBERG) - The Trump administration is prepared to keep negotiating with China for weeks or even months to reach a trade deal that will ensure the world's second-largest economy improves market access and intellectual property policies for US companies, a senior American official said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US: Wall St opens higher, US-China trade talks in focus[NEW YORK] US stocks opened higher on Thursday, helped by gains in technology and consumer discretionary companies, while investors awaited more details on the progress in US-China trade talks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore shares gain 1.2% on upbeat China data, progress in trade talksTHERE was much to cheer on Monday as markets in Asia kicked off the second quarter in positive territory, on the back of both official and private Chinese purchasing managers' index figures for March beating expectations, and positive sentiment emanating from US-China trade talks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

World shares perch near six-month high, oil chases US$70 a barrelWorld stocks hovered just under a six-month high on Tuesday as Brent neared US$70 a barrel for the first time since November, Brexit fatigue ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »