European shares edge up on earnings growth hopes
LONDON, Feb 13: - European shares edged up on Wednesday as optimism about Washington and Beijing trade talks lifted global markets and data showed earnings growth forecasts for Europe are stabilizing after steep downward revisions.
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 12, 2019. REUTERS/Staff
The pan-European STOXX 600 was up 0.3 percent at 0943 GMT, with Germany's trade-sensitive DAX up 0.2 percent.
Asian bourses and before them Wall Street also made gains as hopes grew that the United States and China will hammer out a trade agreement and avert a new round of U.S. tariffs on imports from China set to kick in by March 1.
"The situation on US-China trade remains fluid, but our Asia strategy team's base case is that there will be a deal", Nomura analysts said in a strategy note.
Madrid's IBEX was slightly lagging its peers, down 0.1 percent, amid reports that Spain's minority Socialist government could announce an early general election if it loses a budget vote following its refusal to negotiate Catalan self-determination.
Amid the labyrinthine twists and turns of Brexit, London's FTSE slightly outperformed, up 0.4 percent, after data showed British inflation fell to a two-year low in January. -Reuters