European Shares Rise Amid Easing Trade Tensions and Positive Market Sentiment
European shares edged higher, bolstered by reduced U.S.-Sino trade tensions and positivity around global trade agreements, especially a U.S.-Vietnam deal. The STOXX 600 index rose 0.3%, with regional indexes following suit. U.S. export restrictions were lifted on Chinese goods, boosting market optimism further.
On Thursday, European shares experienced an uptick, driven by reduced U.S.-China trade tensions and growing optimism regarding international trade agreements, notably the U.S.-Vietnam agreement ahead of the tariff deadline.
The pan-European STOXX 600 index rose 0.3% to 542.86 points, while U.S.-imposed export restrictions on Chinese-bound shipments of specific goods were lifted, further reinforcing market confidence. Market experts noted the progress on the trade front as positively affecting investor moods.
Additionally, European sectors such as insurance and financials saw gains, with UK stocks rebounding after political assurances about the finance minister's tenure. German companies like Siemens made strides following eased trade restrictions, while renewable energy and retail stocks also marked positive advances.
(With inputs from agencies.)
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