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Feb 6 (Reuters) - European shares rose to a record high on
Thursday, helped by China's plan to cut tariffs on some U.S.
goods and a swathe of strong earnings.
The pan-European STOXX 600 index .STOXX rose as much as
0.7% to a record high of 426.700.
China said on Thursday it plans to halve tariffs on some
U.S. goods, which could help improve negotiating conditions for
a second phase of a trade deal after the signing of a Phase 1
agreement between the two countries earlier this year.
The initial agreement had signalled no further escalation in
a prolonged trade war which had severely hampered global
economic growth.
In Europe, China-sensitive basic resources .SXPP and
automobile .SXAP subindexes rose 1.8% and 1%, respectively.
France's third-biggest bank Societe Generale SA SOGN.PA
rose 0.5% after reporting a stronger capital position in its
fourth-quarter results.