European stocks gain led by tech companies

The Stoxx Europe 600 Index also gained as futures on the Dow, S&P, and Nasdaq fell alongside Asian peers

Dec 11, 2018 09:12 IST India Infoline News Service

Stock Market
Equity benchmark indices were trading in the green on Tuesday in Europe with miners and tech companies leading the gain.

Further, the Stoxx Europe 600 Index also gained as futures on the Dow, S&P, and Nasdaq fell alongside Asian peers, a Bloomberg report said. 

Shares in the Asian market were weighed down by an uncertainty over the truce in a trade deal between the United States and China. However, a sign of easing trade war between the world’s two biggest economies cushioned the fall. This is after representatives of both the countries discussing on the roadmap for the deal.

According to media reports, Chinese vice Premier Liu He, US Treasury Secretary Steven Mnuchin, and Trade Representative Robert Lighthizer on telephone call discussed about the road map for the next stage of their trade talks on Tuesday.

On the currency front, the Pound was trading up after witnessing selloff in the previous trading session. Meanwhile, gilt yields climbed in the wake of UK Prime Minister Theresa May delaying a critical vote on Brexit. The dollar drifted, while Treasuries were little changed and European sovereign bonds slipped.

-With inputs from Bloomberg

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