Advertisement
U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0781
    -0.0013 (-0.12%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2621
    -0.0001 (-0.01%)
     
  • USD/JPY

    151.3830
    +0.0110 (+0.01%)
     
  • Bitcoin USD

    70,375.40
    +62.61 (+0.09%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,369.44
    +201.37 (+0.50%)
     

European shares at record high on China plan to cut tariffs on some U.S. imports

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

Feb 6 (Reuters) - European shares rose to a record high on Thursday, helped by China's plan to cut tariffs on some U.S. goods and a swathe of strong earnings.

The pan-European STOXX 600 index rose as much as 0.7% to a record high of 426.700.

China said on Thursday it plans to halve tariffs on some U.S. goods, which could help improve negotiating conditions for a second phase of a trade deal after the signing of a Phase 1 agreement between the two countries earlier this year.

The initial agreement had signalled no further escalation in a prolonged trade war which had severely hampered global economic growth.

In Europe, China-sensitive basic resources and automobile subindexes rose 1.8% and 1%, respectively.

France's third-biggest bank Societe Generale SA rose 0.5% after reporting a stronger capital position in its fourth-quarter results. (Reporting by Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta)

Advertisement