European markets rose n Tuesday, as optimism over reignited trade talks between the U.S. and China spurred investors to pick up perceived riskier assets such as stocks.
How are markets trading?
The Stoxx Europe 600
gained 1.5% to 347.94, after finishing down 0.15% on Monday.
The French CAC 40
rose 1.9% to 4,807.99, while Italy’s FTSE MIB index
gained around 1.1% to 19,171.16. While the U.K.’s FTSE 100
jumped 1.2% to 6,894.17 and Germany’s DAX 30
added 1.5% to 10,905.26.
What is driving the markets?
A second day of trade talks between the U.S. and China and optimism around those discussions drove global equities higher, with Wall Street kicking off its third-straight session of gains.
Investors were able to shake off other worries such more signs of stress in the tech sector. South Korean tech giant Samsung Electronics Co.
warned of a 29% fall in fourth-quarter operating profit, citing “mounting macro uncertainties” and “lackluster demand.” That caution comes a week after Apple Inc.’s
shock warning over sales.
Weak European data was also brushed aside. German industrial production data revealed a surprise slump in November, adding to recent evidence that a nine-year recovery in Europe’s largest economy is foundering.
In the U.K., British and European officials are reportedly discussing the possibility of delaying Brexit, amid ongoing opposition from U.K. politicians over an exit deal secured by Prime Minister Theresa May last year.
What stocks are active?
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.