European shares rallied on Friday, recovering slightly from six week lows as inv...
- European shares rallied on Friday, recovering slightly from six week lows as investors hoped that United States and China would still be able to resolve their bitter trade dispute, even as a planned U.S. tariff hike on Chinese imports took effect.
Trade-sensitive Germany’s DAX was leading the charge with its 1.1 percent rise while the volatility gauge on euro zone blue-chips eased from a four-month high. Trade optimism and a jump in Bechtle shares after results helped technology lead the rally among European sub-sectors, all of which were higher.Bechtle jumped 9 percent after the German IT-systems provider reported a nearly 30 percent rise in quarterly revenue and reaffirmed its full-year outlook.
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