European markets opened higher after news of a planned meeting between Donald Trump and Xi Jinping next week eased trade war concerns. The Stoxx Europe 600 moved positively, led by the technology sector—ASML was the leading indicator—while utilities and property lagged. In corporate news, NatWest surged after raising its full-year forecast, and Sanofi gained on demand for its flagship drug Dupixent.
Sentiment was also supported by a mixed earnings season: solid results from LVMH and Kering were partly overshadowed by disappointing reports from Roche, L'Oréal, and Akzo Nobel. Investors now await the release of US inflation for clues on the direction of the Fed's interest rate policy—if the figures are favorable to the market, the European rally could continue. (az)
Source: Newsmaker.id
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