European stocks open higher on China-U.S. optimism

European stocks open higher on China-U.S. optimism


European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S.

The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%.

Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy session 0.02% higher to mark its 14th straight session in the green, drawing level with its best run since 2017.

Shell shares rose 2.4% after the oil major beat profit expectations for the first quarter and announced its latest $3.5 billion share buyback.

April data on the preliminary euro zone inflation rate is due to be released at 10 a.m. London time.

Top posts

  • Shell posts sharp fall in first-quarter profit, launches $3.5 billion share buyback | view post
  • NatWest beats on profit in first quarter | view post
  • Copper rises on China’s consideration of trade talks with the U.S. | view post
  • Moët Hennessy to cut 10% of its workforce: Report | view post

— CNBC’s Anniek Bao contributed to this report



Source

Iraq signs deal with Exxon to help develop large oilfield
World

Iraq signs deal with Exxon to help develop large oilfield

A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north of Basra, Iraq. Essam Al-Sudani | Reuters Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major’s return to the […]

Read More
Bank of England warns of ‘sharp market correction’ if AI bubble bursts
World

Bank of England warns of ‘sharp market correction’ if AI bubble bursts

Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England on Wednesday warned that the risk of a “sharp market correction” has increased, noting that valuations […]

Read More
Verizon signs deal with AST SpaceMobile to provide cellular service from space. AST shares surge
World

Verizon signs deal with AST SpaceMobile to provide cellular service from space. AST shares surge

AST SpaceMobile on Wednesday announced a deal with Verizon to provide cellular service from space beginning next year. This deal aims to bring direct-to-service connection via space to cell phone users “when needed” on Verizon plans, according to AST. It marks an expansion of a partnership between the two companies announced last year. AST shares […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus