BR100 Decreased By (-0.98%)
BR30 Decreased By (-0.58%)
KSE100 Decreased By (-0.97%)
KSE30 Decreased By (-1.07%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.13 Decreased By ▼ -0.08 (-1.54%)
BML 56.67 Decreased By ▼ -0.83 (-1.44%)
BOP 33.75 Decreased By ▼ -0.28 (-0.82%)
CNERGY 9.88 Decreased By ▼ -0.08 (-0.8%)
CSIL 5.29 Decreased By ▼ -0.02 (-0.38%)
FCCL 53.09 Decreased By ▼ -1.61 (-2.94%)
FFL 16.52 Decreased By ▼ -0.17 (-1.02%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.22 Decreased By ▼ -0.18 (-2.43%)
KOSM 5.72 Decreased By ▼ -0.05 (-0.87%)
LOTCHEM 29.31 Decreased By ▼ -0.01 (-0.03%)
MLCF 92.16 Decreased By ▼ -2.20 (-2.33%)
NBP 201.61 Decreased By ▼ -1.44 (-0.71%)
NCPL 56.45 Decreased By ▼ -0.55 (-0.96%)
NPL 66.57 Decreased By ▼ -1.13 (-1.67%)
OGDC 316.29 Increased By ▲ 0.45 (0.14%)
PACE 10.48 Decreased By ▼ -0.16 (-1.5%)
PAEL 42.04 Decreased By ▼ -1.16 (-2.69%)
PIBTL 16.41 Decreased By ▼ -0.33 (-1.97%)
PPL 216.84 Decreased By ▼ -2.94 (-1.34%)
PRL 50.86 Increased By ▲ 1.67 (3.39%)
PTC 69.86 Decreased By ▼ -0.67 (-0.95%)
SSGC 26.98 Decreased By ▼ -1.27 (-4.5%)
TBL 9.73 Decreased By ▼ -0.13 (-1.32%)
TELE 8.65 Decreased By ▼ -0.14 (-1.59%)
TPL 17.90 Decreased By ▼ -0.34 (-1.86%)
TPLP 13.39 Increased By ▲ 0.12 (0.9%)
TREET 22.56 Decreased By ▼ -0.16 (-0.7%)
TRG 59.26 Decreased By ▼ -0.88 (-1.46%)

European shares strengthened on Friday, recovering from six weeks lows, as investors hoped that United States and China would still be able to resolve their trade dispute, even as a planned U.S. tariff hike on Chinese imports took effect.

The STOXX 600 index added 0.8 percent by 0717 GMT. The regional index, which has been hit by trade worries most of this week, remains on track for its biggest weekly decline this year.

Trade-sensitive Germany's DAX was leading the charge with its 1 percent rise.

The increased tariffs on $200 billion worth of Chinese goods comes in the middle of two days of talks between top U.S. and Chinese negotiators to try to rescue a faltering deal aimed at ending a months-long trade war between the world's largest economies.

Trade optimism helped technology and auto stocks  lead the rally among European sub-sectors.

Defensive stocks - real estate, utilities and telecom - posted the smallest gains.

A handful of strong earnings also helped the sentiment.

Air France shares rose after the carrier reported a 9.2 percent in passengers across the group last month while British Airways owner IAG jumped after reiterating its operating profit guidance in 2019.

Altice Europe rose 3 percent after its founder Patrick Drahi said lower costs, a rise in profit and growth in new customers in key market France signaled the turnaround of his telecoms and cable group.

Denmark-based medical equipment marketer Ambu landed at the bottom of the STOXX 600 after the company's chief executive Lars Marcher resigned.

Copyright Reuters, 2019

Comments

Comments are closed for this article.