European shares rise as trade war hopes lift sentiment

While Europe bourses rose, there were also strong losses. — Reuters pic
While Europe bourses rose, there were also strong losses. — Reuters pic

LONDON, March 4 — opened higher today as optimism towards a deal to end the US-Sino trade war lifted sentiment and a risk-on mood spread from Asia to European bourses in an otherwise slow day in terms of corporate earnings or economic indicators.

The pan-regional STOXX 600 index was up 0.4 per cent by 0835 GMT, hovering around levels not seen since the beginning of October.

There were however strong losses, such Britain’s Rotork which posted the worst performance, losing 7.4 perc ent after disappointing earnings.

Fashion retailer Ted Baker fell 3 per cent after it announced that its Chief Executive Officer Ray Kelvin resigned with immediate effect, following an investigation into allegations of misconduct.



Among top gainers were the shares of publisher Daily Mail & General Trust, which jumped 5.4 per cent after unveiling plans to return all of its shares in Euromoney Institutional Investor and £200 million (RM1.08 billion) cash to eligible shareholders. — Reuters

Source: The Malay Mail Online





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