European stocks rise for third straight day on US tariff delay hopes

2019-05-16 12:31:28 GMT (Economies.com)
European stocks rise for third straight day on US tariff delay hopes

European shares rose on Thursday, extending gains for a third consecutive session, as investors morality improved over a possible resolution of the trade disputes between the European Union and the United States, especially after the US announcement of a plan to postpone tariffs on European cars for up to six months.

 

As of 10:57 GMT, Stoxx Europe 600 rose by 0.5%, as the index ended yesterday's session up by 0.5%, the second daily gain in a row, to recover from the lowest level in two months, after the automotive industry strong rise.

 

The Index rose on Thursday morning to continue its third consecutive day of gains, with most of the major markets and sectors in the Green Zone.

 

The auto industry is leading the list of gainers in Europe after the announcement of a US plan to postpone the tariffs on cars imported from Europe, which is expected to issue the official decision on Saturday.

 

CNBC said on Wednesday, that the United States plans to postpone the new tariffs on cars and parts imported from Europe for up to six months to give trade negotiators more time to resolve differences between the United States and the European Union.

 

S&P 500 futures rose by 0.5%, and the index ended yesterday's session on Wall Street up by 0.6%, its second daily gain in a row.

 

Euro Stoxx 50 index rose 0.5%. as in France, the CAC 40 index gained 0.4%. with Germany's DAX rising by 0.75% to top the gainers' list in Europe. while In London, FTSE 100 added 0.3%.

 
 
 
  Symbol Last Change Chg.%
1.1220
0.0002
0.0147%
1.2631
0.0048
0.3835%
14.969
0.101
0.679%
53.577
1.067
2.033%
61.97
-0.17
0.27%
1345.055
3.775
0.281%
 
 
US
 
Europe
 
Asia