US-China talks and Brexit news buoy the markets
European shares rise to one-month highs with safe havens falling after China confirmed US trade talks
05 September 2019 - 11:58
London — European shares rose to fresh one-month highs and safe-haven assets such as gold and the yen fell after news of US-China talks set for early October raised hopes of a de-escalation in their trade war before it further damages the world economy.
The pan-European Stoxx 600 index rose 0.63% to touch its highest level since August 1. France’s CAC 40 index jumped 0.79% to hit a more than one-month high, outperforming major European bourses, aided by a 8% rise in shares of engine maker Safran after the company upped its full-year profit forecasts...
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