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

Opinion: Block’s layoffs might just be the biggest story of a tumultuous week. Here’s why
World

Opinion: Block’s layoffs might just be the biggest story of a tumultuous week. Here’s why

In a week where the News Gods have given us a cornucopia of stories, it’s a fool’s game to pick out the biggest one. Was it Trump’s extraordinary State of The Union? The phenomenal Nvidia results that failed to answer questions over whether the enormous hyperscaler splurge will result in significant profits further down the […]

Read More
World’s largest sovereign wealth fund’s bets on Big Tech and banking drive gains
World

World’s largest sovereign wealth fund’s bets on Big Tech and banking drive gains

A view of Bryggen, the historic Hanseatic Wharf in Bergen, Norway, on Sept. 16, 2024. Manuel Romano | Nurphoto | Getty Images Norway’s $2 trillion oil fund, the largest of its kind, generated an annual profit of about $248 billion last year, with strong gains in global equities driving a 15.1% return. Norges Bank Investment […]

Read More
Core wholesale prices rose 0.8% in January, much more than expected
World

Core wholesale prices rose 0.8% in January, much more than expected

Customers shops for fruit in a supermarket in New York on Jan. 22, 2026. Charly Triballeau | AFP | Getty Images Wholesale prices rose at a faster-than-expected pace in January, countering hopes that inflation was easing, the Bureau of Labor Statistics reported Friday. The core producer price index, which excludes volatile food and energy prices, […]

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