Autos, mining gains drive European shares upsurge

04.11.2019 - Evdokimov Roman
Autos, mining gains drive European shares upsurge

European shares strongly began its weekly session on Monday as gains from automakers and miners fueled the upsurge while US-China trade talks brought optimism.

The Pan-European STOXX 600 index soared at 0.5% reaching its highest index tally since January 2018.

The United States and China disclosed that they made laudable progress primarily focusing on ending the almost 16-month long trade dispute that inflicted the global economy. In line, US officials stated that the trade pact could get signed this month.

Such enforced the tariff-dependent European sectors up to 2%, the highest earning of the market’s main sub-sectors as mining gains jumped at 1.5%.

Trade-dependent Frankfurt shares recorded 0.7% powered by 6% earnings of Siemens Healthineers. This followed after the firm’s positive fourth quarter performance and their announcement of an expected expansion and growth next year.

Purchasing manager surveys across the European region are expected to be disclosed on Monday.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?