[BENGALURU] European shares rose on Wednesday from the previous session's more than one-month closing low on positive sentiment underpinned by easing fears over the path ahead for US-China trade ties and strong results from some German firms.
The pan-European STOXX 600 index rose 0.2 per cent, lifting off Thursday's more than one-month closing low. Germany's trade-sensitive gained 0.7 per cent, while French stocks tacked on 0.4 per cent."All we need to know is how the next 48 hours unfold with China's vice premier in Washington for talks," said Craig Erlam, senior market analyst at Oanda.Chinese Vice Premier Liu He will travel to Washington on Thursday for two days of trade talks.
Siemens posted better-than-expected quarterly earnings and said it would spin off its faltering gas-turbines business. Payments firm Wirecard raised its 2019 outlook, as it sought to shake off allegations of fraud and false accounting to post a 40.7 per cent rise in core profits in the first quarter.
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