European shares rise on trade-fueled optimism, London shines 0 SHARES Share it! Share TweetBy ReutersEuropean shares rose on Friday, with London stocks outperforming due to a weaker pound, while hopes of a quick resolution to the US-China trade war offset worries of slowing economic growth and rising political risks. The pan-European STOXX 600 index rose 0.5%, with export-heavy London’s FTSE 100 .FTSE up almost 1%, led by gains in oil majors and miners. The European basic resources sector .SXPP jumped 1.4%, powered by a rise in shares of Norwegian aluminum company Norsk Hydro (NHY.OL), which gained 1.9%, after a Brazilian court lifted its final production embargo on the company’s key plant. Tech stocks .SX8P edged 0.1% higher, posting some of the smallest gains among the major European sub-sectors.

Source: Manila Bulletin September 27, 2019 07:18 UTC