Close | x

Trade war relief rally lifts European stocks

Kamis, 05 April 2018 / 15:26 WIB

Trade war relief rally lifts European stocks
ILUSTRASI. Bursa Eropa - Jerman

KONTAN.CO.ID - LONDON. European stocks jumped on Thursday as investors bought back into risky assets in a global relief rally as concerns over trade war ebbed.

The STOXX 600 rose 1.5 percent to a two-week high in early deals, buoyed by financials and industrials stocks, riding the wave of gains which had pushed Wall Street and Asian stocks up overnight.

After the latest retaliatory blow from China against U.S. tariffs, investors' reaction was more muted than expected, as some calculated a full-blown trade war would be averted.

Basic resources and tech stocks, the sectors seen as most vulnerable to a higher cost of trading, led gains.

Financials, the bellwether of investors' perception of global market risks, provided the biggest boost. HSBC, BNP Paribas and Santander were top gainers, up 1.2 to 2.1 percent.

Video games maker Ubisoft jumped 6.7 percent, with traders and analysts pointing to the success of its latest video game Far Cry 5, which broke the franchise's sales records.

Electrocomponents, Britain's largest industrial distribution firm, gained 4.7 percent after results.

Citi strategists recommended investors "buy the dip" in stocks.

They also upgraded UK equities to "overweight", arguing recent underperformance and cheap valuations made them attractive, and downgraded continental European equities to "neutral".

Sumber : Reuters
Editor: Barratut Taqiyyah Rafie
Video Pilihan

Rumah Pemilu
Rumah Pemilu
Hubungi Kami
Redaksi : Gedung KONTAN,
Jalan Kebayoran Lama No. 1119 Jakarta 12210.
021 5357636/5328134
Iklan : Gedung KOMPAS GRAMEDIA Unit 2
Lt 2 Jl. Palmerah selatan 22-28
Jakarta Selatan 10740.
021 53679909/5483008 ext 7304,7306
2019 © All rights reserved
Sitemap | Profile | Term of Use | Pedoman Pemberitaan Media Siber | Privacy Policy

diagnostic_api_kiri = 0.0060 || diagnostic_api_kanan = 0.6552 || diagnostic_web = 2.7813

Close [X]