ReutersEuropean shares on Friday closed higher, extending gains after impressive US jobs data bolstered sentiment buoyed by positive statements from Washington regarding trade talks with China. Stocks swung wildly this week on conflicting statements and reports regarding the progress of US-China trade negotiations, as well as some weak economic indicators from Europe. That helped quell some fears of a negative rub-off on growth from a trade war with China. However, on the week the FTSE posted its worst loss in two months, falling 1.5 percent from 7,346.53 on Nov. 29. The DAX on Friday rose 111.78 points, or 0.9 percent, to 13,166.58, a drop of 0.5 percent from 13,236.38 a week earlier.

Source: Taipei Times December 07, 2019 15:56 UTC