Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

European shares in tentative rebound as trade angst eases

Published 11/28/2018, 03:44 AM
Updated 11/28/2018, 03:45 AM
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt

LONDON (Reuters) - European shares rebounded at the open on Wednesday as the trade war fears which had pushed indexes in the red during the previous session eased on the prospect of a meeting between the U.S. and Chinese presidents at a G20 meeting in Argentina.

The pan-European STOXX 600 (STOXX) benchmark was up 0.4 percent by 0814 with most major bourses trading comfortably in positive territory.

Caution was nevertheless palpable on the trade front with the European automotive sector down about one percent after a German press report on Tuesday mentioned possible new U.S. tariffs on imported cars.

Milan was one exception with shares in steel firms Tenaris (MI:TENR) dropping 9 percent.

The fall, which comes as the CEO of Techint, the parent company of Tenaris, was charged by an Argentine federal judge, weighed on the FTSE MIB which was flat.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.