European shares edge higher after US-China trade deal

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, October 30, 2017. — Reuters pic
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, October 30, 2017. — Reuters pic

LONDON, Jan 16 — European shares gained ground today after the United States and China signed an eagerly awaited Phase 1 trade deal, but some questions still remained over certain key issues.

The pan-European STOXX 600 index was up 0.1 per cent by 0806 GMT.

Global markets paused around record highs following the signing of the agreement yesterday, as the deal highlighted daunting purchase commitments of US goods by China, while leaving existing tariffs in place.

However, the prospect of no further escalation in the economically damaging trade war encouraged a slight risk-on mode.

The European retail subindex was the best performer, led by a 11.1 per cent rise in German meal-kit delivery company HelloFresh after it flagged a stronger 2019. — Reuters

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