NOV. 7- European shares hit four-year high last Thursday following China s statement that Beijing and Washington will pull out tariff implementation in different phases.
Both countries must pull out the implementation of tariffs on each other s goods in order to come up with the possibility of phase one trade pact, said Gao Feng, spokesman of the commerce ministry.
The pan-European STOXX 600 index inched higher at 0.4% by 0813 GMT as export-heavy Germany boosted the rise with 0.7%
Automakers and miners were the highest earners among the European sub-sectors all while telecom and utilities sectors were recorded to be the biggest decliners.
Siemens acquired 3.4% and is considered the biggest contributor to the STOXX 600 following a better-than-expected performance of its fourth quarter session.
https://maxitrade.com/en/european-shares-at-4-year-high-from-sino-us-trade-optimism