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European shares stabilise after 4-day losing streak

Published : Thursday, 5 December, 2019 at 12:00 AM  Count : 19

Dec 4: European shares edged higher on Wednesday, after a four-day slump, as gains in technology stocks and encouraging China services sector data helped offset more worries around the US-China trade dispute.
The pan-European STOXX 600 index rose 0.2per cent by 0812 GMT, after hitting a one-month low on Tuesday following US President Donald Trump's remarks that a trade agreement with China might have to wait until after the US presidential election in November 2020.
Trade-sensitive German shares, up about 0.2per cent, also recovered from a 1-month low, with chipmakers including Infineon Technologies and STMicroelectronics gaining after upbeat earnings forecast from US peer Microchip Technology.    -Reuters




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