[BENGALURU] A surge in German shares helped European equities mark their best first-half performance in over two decades on Friday, with investors awaiting the outcome of US-China trade talks to see if the rally can continue.
Gains on the main Stoxx index were broad-based, with sectors exposed to trade tensions, such as technology and automakers, climbing.Investors are looking ahead to talks between US President Donald Trump and Chinese President Xi Jinping over their long-drawn trade dispute at the sidelines of the G-20 summit on Saturday. Mr Trump said he hoped for productive talks with China, but said he had not made any promises about a reprieve from escalating tariffs.
"What we see with this positive first half of the year is when the Fed started turning around. And if you actually see the Fed follow through this, you might see the momentum more or less intact," said Mr Geffen.
Source: News Formal (newsformal.com)
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