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Autos, miners push European shares higher

Published 04/11/2019, 09:25
Updated 04/11/2019, 09:28
© Reuters.  Autos, miners push European shares higher
DE40
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STOXX
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SXAP
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SXPP
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SHLG
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Nov 4 (Reuters) - European shares started the week on a

strong footing on Monday, powered by gains in shares of

automakers and miners and signs of a warm tone to U.S.-China

trade talks over the weekend.

The pan-European STOXX 600 index .STOXX rose 0.5%,

touching its highest level since January 2018.

The United States and China late on Friday said they had

made progress in talks aimed at defusing a nearly 16-month-long

trade war that has harmed the global economy, and U.S. officials

said a deal could be signed this month.

That helped push the tariff-exposed European autos sector

.SXAP up 2%, the biggest gain of the market's main

sub-sectors. Miners .SXPP rose 1.5%.

Trade-sensitive Frankfurt shares .GDAXI rose 0.7%, also

helped by a 6% gain for Siemens Healthineers SHLG.DE after it

said it expected strong growth to continue next year following a

better-than-expected fourth quarter.

Purchasing manager surveys from across the euro zone are due

later on Monday.

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