European stocks close higher as 'phase one' trade deal boosts sentiment; Stoxx 600 hits record high
Tuesday, 17 December 2019 00:02 WIB | MARKET UPDATE |SahamEropaIndeks Stoxx Europe 600Stoxx 600

European stocks traded sharply higher Monday after the U.S. and China agreed a 'phase one' trade deal, offering some optimism for risk assets.

The pan-European Stoxx 600 closed higher by almost 1.5% to 418.10 during trade, surpassing 418 to hit an all-time high. Basic resources led the way with 2.3% gains as all sectors and major bourses traded firmly in positive territory.

Washington and Beijing announced on Friday that an agreement had been reached pending legal procedures, a significant step forward after a bruising 18-month trade war.

Source : CNBC

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