European shares rose for the fifth straight session on Thursday and hit their hi...
The German airline’s shares boosted the wider travel and leisure index .SXTP by 1.4%, making it one of the top gainers among the major European sub-sectors.
“Most market-optimism this week has been induced by the increasing chances of a mini trade deal between the U.S. and China,” said Timme Spakman, trade economist at ING. “There are still hurdles to be but it is positive that not only U.S. officials are optimistic but Chinese negotiators are sending positive signals as well.”
China and the United States have both agreed to cancel in phases the tariffs imposed during their prolonged trade war, the Chinese commerce ministry said..GDAXIIt also helped investors shrug off another weak data point from Germany showing industrial output fell more than expected in September. All eyes will now be on a Bank of England meeting later in the day, where the central bank is expected to hold interest rates steady ahead of a snap election in the UK on Dec. 12 to decide the fate of Brexit.
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