European stocks hit 4-year high on Trump's trade remarks

Economies.com
2019-11-27 11:54AM UTC

European equities advanced on Wednesday, to extend gains for the fourth straight day and hit a 4-year high, amid widespread optimism in global markets, after President Donald Trump's upbeat comments on the trade deal between the US and China.

 

Stoxx Europe 600 rose by 0.2% as of 11:25 GMT, and hit its ts highest level since July 2015, while it closed higher by 0.1% yesterday, and posted the third straight daily gain, after record gains in Wall Street.

 

The index opened today's session higher, to extend gains for the fourth straight day and hit a 4-year high, with most of the major European exchanges and sectors in the positive territory today.

 

Mining and basic resources sector saw the largest gains in Europe today, rising by more than 1.4%, as the sector is one of the most sensitive sectors to global trade news.

 

US President Donald Trump said the US was in "final throes of a very important trade deal" with China, after top negotiators from both countries agreed to continue discussing the remaining hurdles.

 

S&P 500 futures rose by 0.2% today and hit its all-time high ahead of Wall Street opening, it also closed higher by 0.2% yesterday, to mark its third straight daily gain and record high of 3,142.69 points.

 

Back to Europe, the Euro Stoxx 50 index rose by 0.2%, the German DAX rose by 0.3%, France's CAC 40 gaind 0.1%, and in London, the FTSE 100 added 0.4%.

European Market News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...