Tuesday, 07 July 2020
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European Shares Rise In Relief Over Trump's China Response
Monday, 1 June 2020 15:24 WIB | MARKET UPDATE |Stoxx 600Saham Eropa

European shares edged closer to a three-month high on Monday on hopes of a post-coronavirus global recovery, with investors relieved that the U.S. response to China™s national security law on Hong Kong was not as bad as feared.

The pan-European STOXX 600 index rose 1% by 0723 GMT and hovered near its strongest level since March 9, led by gains in banks, miners and travel & leisure stocks.

U.S. President Donald Trump began the process of ending special treatment for Hong Kong to punish China on Friday, but did not mention actions that could undermine the Phase One trade deal.

Source : Reuters

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