European Stocks Rise Amid U.S.-China Trade Optimism
European shares reached record highs for a third consecutive session, fueled by optimism over an easing of Sino-U.S. trade tensions. While healthcare stocks declined, financial and tech sectors saw gains. Meanwhile, central banks attract attention as investors anticipate interest rate decisions affecting global markets.
European shares soared to record highs for the third straight session, propelled by positive Sino-U.S. trade developments which boosted global investor confidence. While the broad STOXX 600 index saw a 0.2% rise, Italian markets surged 1% due to strong performances by major banks.
The promise of a trade deal between the United States and China, announced by President Donald Trump, has sparked optimism. Trump and the Chinese leadership are expected to finalize a trade framework this weekend, potentially delaying increased tariffs and export controls.
Investor focus also turned to central banks, with the U.S. Federal Reserve poised for an expected rate cut, and the European Central Bank anticipated to maintain steady rates. Economic predictions suggest euro zone inflation could prompt rate hikes by mid-2027.
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