- European shares touched a near eight-month high on Wednesday as investors took heart from possible progress towards a trade deal between Beijing and Washington and encouraging economic data out of China and Europe.
White House economic adviser Larry Kudlow said on Tuesday he expects the United States and China “to make more headway” as the two sides resume trade talks this week. The STOXX 600 has rallied more than 2 percent in the last three sessions as the two sides reported progress in trade talks and strong factory data out of China and the United States eased nerves about slowing global growth.
Most European sectors were higher as the basic resources sector extended a six-day winning streak and auto stocks touched a near seven-month peak. Metro rose 1.5 percent after the German retailer said it is still in talks with several investors who are interested in buying its Real hypermarkets chain.
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