European shares nudged higher on Wednesday, led by industrial miners, while investors tracked signs of any progress on U.S. trade talks as the July tariff deadline nears.
The pan-European STOXX 600 index advanced 0.3% at 542.03 points, as of 0710 GMT. Other major regional indexes also traded higher.
U.S. President Donald Trump, on Tuesday, said he was not considering an extension of the July 9 deadline for countries to negotiate trade deals. He expressed optimism about a potential trade deal with India but was skeptical about reaching a similar agreement with Japan.
EU's trade chief is expected to hold negotiations this week in Washington to avert higher U.S. tariffs.
European industrial miners rose 1.4%, while banks advanced 1.3%.
Meanwhile, the EU is blocking the British government's attempts to join a pan-European trading bloc, the Financial Times reported on Wednesday.
On the data front, euro-zone unemployment data for May is due later in the day.
In the U.S., Senate Republicans passed Trump's massive tax-and-spending bill on Tuesday by the narrowest of margins. The legislation now heads to the House of Representatives for possible final approval.
Source: Reuters
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...