European stocks rally amid gain in industrial-goods, food shares

US equity futures advanced after the White House was said to weigh postponing higher tariffs on China for 60 days.

Feb 14, 2019 10:02 IST India Infoline News Service

European-Markets
Shares in the European markets were trading in the green on Thursday led by the sharp rally in industrial-goods and food shares amid a slew of cheering earnings numbers of companies.

Credit Suisse reported that trading losses eclipsed wealth-management gains, AstraZeneca forecast expanded earnings for the year, while Airbus scrapped the A380 superjumbo model.

Besides, European sovereign bonds were steady and the euro was flat after data showed Germany’s economy avoided recession but stagnated in the fourth quarter.

In Asia, equity benchmarks drifted in Japan, China, and Australia, and ticked lower in Hong Kong. Ten-year Treasury yields held close to 2.70%.

US equity futures advanced after the White House was said to weigh postponing higher tariffs on China for 60 days. President Donald Trump is considering pushing back the deadline for the imposition of higher tariffs on Chinese imports by 60 days, as the world’s two-biggest economies try to negotiate a solution to their trade dispute, according to people familiar with the matter. Earlier, Trump told reporters that trade talks are making good progress, helping to steady investor sentiment.

-With inputs from Bloomberg

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