European equities rise on optimism over trade deal, PBOC rate cut

The pan-European STOXX 600 index rose 0.17% on Monday close to a record high.

Nov 18, 2019 09:11 IST India Infoline News Service

European-Markets
European shares are trading higher on optimism regarding the US-China trade deal and China's cutting of the repo rate.

The pan-European STOXX 600 index rose 0.17% on Monday close to a record high.

Chinese media reported that the US and China are having constructive talks in a phone call on Saturday.

Meanwhile, the US has called for restraint amid continued unrest in Hong Kong. In the UK, political leaders are preparing for elections and will pitch their manifestios in front of the business leaders gathered at the Confederation of British Industry conference in London.

PM Boris Johnson will again pledge to end Brexit uncertainty since the EU referendum in June 2016.

Asian stocks ended broadly higher today with shares in Hong Kong leading the region. The Hang Seng rose 1.35%, China's Shanghai Composite gained 0.62%, while Japan's Nikkei 225 rose 0.49%.

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