Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
European shares poised for sixth weekly gain, aided by trade optimism
Published at 15/11/2019 at 08:28

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

Nov 15 (Reuters) - European shares were on course for a sixth straight weekly gain on Friday, following a record close on Wall Street as bullish comments from a White House official on a U.S.-China trade deal boosted trade-sensitive miners, technology stocks and automakers.

The pan-European STOXX 600 index gained 0.4% by 0819 GMT, inching back to a four-year high hit last week.

White House economic adviser Larry Kudlow said late on Thursday Washington and Beijing were getting close to a trade agreement, citing what he called very constructive talks with Beijing about ending a 16-month trade war.

Miners were the top gainers on the day, up about 1.5%, followed by technology stocks .

Shares in chipmakers Infineon , STMicroelectronics

and ASML Holding rose between 0.8% and 1%, after industry bellwether Applied Materials forecast a strong first quarter ahead of the 5G rollout in key markets.

Telecom shares were boosted by a 2.5% gain in Orange

after France's biggest telecoms operator said it was preparing to split its mobile towers unit into a separate company.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Subhranshu Sahu)

((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6749 6328;))