The main European stock index increased on Friday, with signs of a possible reduction in commercial tensions between the United States and China that increase appetite at risk, while investors have evaluated a series of corporate budgets and economic data.
The Spoxx 600 index was 1.08%, to 533.28 points, after having recorded the second consecutive monthly fall on Wednesday.
The Chinese Ministry of Commerce said that Beijing is “evaluating” a Washington offer to discuss 145% of the taxes of the President of the United States Donald Trump and that the Beijing’s door is open to the discussion.
However, China said Washington must show “sincerity” in negotiations and should be prepared to suspend their unilateral rates.
“This represents another step towards the United States and China rates that have probably already reached their peak. Therefore, the market is basically saying that this is another sign that we can see lower rates in the future,” said Georgios Leontis, Swiss and emerging director of investments at HSBC Global Private Banking and Wealth.
“But once again, the market is aware that it is likely that the uncertainty persists. And although there are positive signs, the market certainly wants to see some concrete actions.”
Shell increased by 3.2% after the oil giant has released a 28% drop in net income of the first quarter, but has exceeded analysts’ expectations.
Airbus advanced by 4.3%after the aircraft manufacturer exceeded quarterly estimates and has reaffirmed its annual perspective.
The industrial production of the euro area grew at the highest rhythm in just over three years in April, although the general activity of the factories remained in the territory of contraction, with the three main economies showing signs of improvement, according to a survey.
Investors will also be aware of the US employment data, which will be released later.
. In London, the Financial Times index advanced by 0.69%, at 8,555 points.
. In Frankfurt, the Dax index increased by 1.65%to 22,868 points.
. In Paris, the CAC-A1540 index gained 1.53%to 7,710 points.
. In Milan, the FTSE/MIB index was appreciated by 1.04%, to 37,997 points.
. In Madrid, the Ibex-35 index was recorded by 0.58%at 13,364 points.
. In Lisbon, the PSI20 index devalued 0.67%to 6,945 points.
Source: Terra
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