European stocks grew after the US and the European Union reached unanimity over the termination of some tariffs.
The Stoxx Europe 600 index added 0.3%, with miners and car makers leading to an increase. Royal Dutch Shell dropped 1.2 percent after second-quarter earnings forecasts slipped.
President Trump and European Commission President Juncker have agreed to end the new tariffs while negotiating for lower limits on transatlantic trade.
Investors will also focus on European bank stocks, as the ECB can provide more clarity about the timing of the first interest rate increase next year.
Source: Bloomberg
Chart: Used with permission of Bloomberg Finance L.P.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.