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European shares stabilise after four-day losing streak

Published 04/12/2019, 09:28
Updated 04/12/2019, 09:36
© Reuters.  European shares stabilise after four-day losing streak
DE40
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ORAN
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AIR
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STMPA
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IFXGn
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Dec 4 (Reuters) - European shares edged higher on Wednesday,

after a four-day slump, as gains in technology stocks and

encouraging China services sector data helped offset more

worries around the U.S.-China trade dispute.

The pan-European STOXX 600 index .STOXX rose 0.2% by 0812

GMT, after hitting a one-month low on Tuesday following U.S.

President Donald Trump's remarks that a trade agreement with

China might have to wait until after the U.S. presidential

election in November 2020.

Trade-sensitive German shares .GDAXI , up about 0.2%, also

recovered from a 1-month low, with chipmakers including Infineon

Technologies IFXGn.DE and STMicroelectronics STM.PA gaining

after upbeat earnings forecast from U.S. peer Microchip

Technology MCHP.O .

Shares in Airbus AIR.PA rose 0.6% after winning an order

from U.S. carrier United Airlines UAL.O . A big decliner was French telecom company Orange ORAN.PA ,

sliding 3.9%, after traders pointed to disappointment over the

firm's dividend outlook even as it announced plans to carve out

its mobile towers in most European countries where it is

present.

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