🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

European shares climb on trade relief, PMIs in focus

Published 23/06/2020, 08:24
© Reuters.
BAYGN
-
KCOGn
-
STOXX
-
SX8P
-
SXFP
-
SXNP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
June 23 (Reuters) - European shares inched higher on Tuesday
on relief that the U.S.-China Phase One trade deal was "fully
intact", while investors awaited the latest batch of business
activity data to gauge the pace of recovery from the coronavirus
crisis.
The pan-European STOXX 600 index .STOXX rose 0.6% by 0711
GMT, led higher by technology .SX8P , financial services
.SXFP , and industrial goods and services .SXNP sectors.
Stoking volatile trading overnight, White House trade
adviser Peter Navarro said the trade deal with China was "over",
but later walked back those remarks, while U.S. President Donald
Trump confirmed in a tweet the trade deal was fully intact.
Markit's early readings of euro zone Purchasing Managers'
index (PMI) for June, due at 0800 GMT, are likely to show
business activity further improved from record low levels in
April as many countries eased restrictions.
Bayer AG BAYGn.DE gained 1.6% after a U.S. federal appeals
court blocked California from requiring the company to label its
glyphosate-based weed killer, Roundup, with a cancer warning.
German metals trader Kloeckner & Co KCOGn.DE jumped 15.2%
after it provided positive earnings outlook for the second
quarter.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.