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European shares stabilise after 4-day losing streak |
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 |