Markets

Europe rises before new US-China trade talks

2019-02-11 13:44:49 GMT (Economies.com)

European stocks rose on Monday on track for the first profit in three sessions, as most sectors move north before a new round of US-China trade talks. 

 

Dow Jones Stoxx Europe 600 rallied 0.9% after a 0.5% drop on Friday on profit-taking off 12-month highs. 

 

The index lost 0.4% last week, the first weekly loss in six weeks after disappointing earnings results and economic slowdown concerns. 

 

The banking sector led the way higher with a 1.3% profit after some Italian banks reported the European Central Bank is putting up new capital limits and regulations. 

 

The focus this week is on global trade, with US officials traveling to Beijing to partake in new talks in hopes of solving the current dispute. 

 

On Wall Street, S&P 500 rose 0.2%, after rising 0.1% last Friday, the first profit in three sessions. 

 

The Euro Stoxx 50 rose over 1%, while France's CAC 40 rallied 1%, as Germany's DAX rose 0.9%, and London's Financial Times 100 added 0.8%. 

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