The anticipation of a trade truce between the United States and China put Europe...
- The anticipation of a trade truce between the United States and China put European stock markets on pace to break a four-day losing streak on Thursday, with Frankfurt’s DAX outperforming as shares of Germany’s chemicals giant Bayer rallied.
The South China Morning Post, citing sources, said Washington and Beijing were laying out an agreement that would help avert the next round of tariffs on an additional $300 billion of Chinese imports. “There seems to be some optimism about trade talks between Xi and Trump over the weekend and the possibility that there will be a deal or in any case Trump will not impose tariffs on all Chinese imports,” said Simona Gambarini, a markets economist at Capital Economics in London.
Bayer surged 6.2% after the group hired a lawyer and formed a committee to address glyphosate litigation and as activist shareholder Elliott Associates revealed a 1.1 billion euros stake.
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