European stocks erased early losses and closed higher on Thursday (4/24) for a third straight day of gains, benefiting from a positive session on Wall Street as investors continued to assess the outlook for European companies amid potential U.S. trade restrictions. The eurozone STOXX 5o gained 0.3% to close at 5,115 and the pan-European STOXX gained 0.5% to close at 519. Rhetoric from White House officials continued to suggest that President Trump was more open to reaching a trade deal with China and avoiding a full-blown trade war with China, adding to the appeal of riskier assets around the world. Select chip stocks rose sharply, with ASML and Infineon jumping 2% and 8%, respectively. Chemical and energy makers also rose, with Eni and Air Liquide both up more than 2%. Adidas, in turn, rose 2.5% after the company said its earnings were stronger than expected in Q1. (Newsmaker23)
Source: Trading Economics
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