European Stocks Rebound as US-China Trade Tensions Ease
European stock markets opened higher at the start of the week after being under pressure last Friday. The Stoxx Europe 600 Index rose 0.5% in London morning trading, driven by technology and mining sectors, while shares in the healthcare and personal care sectors lagged. This increase marks a recovery in investor sentiment after US President Donald Trump signaled that a trade deal with China is still possible.
Previously, global markets were shaken after Trump threatened to impose 100% tariffs on Chinese goods. However, more conciliatory comments from the White House have reassured investors that tensions between the world's two largest economies can ease.
Nevertheless, market participants are still monitoring political developments in Europe, particularly in France, where newly reappointed Prime Minister Sebastien Lecornu is trying to garner support to pass a government budget bill. "The market seems a little relieved that there is still room for de-escalation between the US and China," said Stephan Kemper, Head of Investment Strategy at BNP Paribas Wealth Management. (asd)
Source: Newsmaker.id
