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European shares notch 4-year high on fresh US-China trade deal hopes

Published 27/11/2019, 09:15
© Reuters.  European shares notch 4-year high on fresh US-China trade deal hopes
WRT1V
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STOXX
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SXPP
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Nov 27 (Reuters) - European shares hit a four-year high on

Wednesday as comments from U.S. President Donald Trump sparked

hopes of an imminent resolution to the prolonged trade war with

China.

Trump said on Tuesday that the United States was in the

"final throes" of work on a deal that would defuse the 16-month

trade war, while also underscoring Washington's support for

protesters in Hong Kong, a potential sticking point with China.

The pan-European STOXX 600 index .STOXX was up 0.3% at

0805 GMT, led by trade-sensitive miners .SXPP .

Finnish ship technology and power-plant maker Wartsila

WRT1V.HE jumped 3% to the top of the benchmark index as JP

Morgan raised its price target on the company.

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