European indices end stably in the midst of fear of rates; H & M books income



European major stock indices recovered from a weak opening on Monday and closed on a positive territory after a confused session amid reports that US President Donald Trump plans to impose new 10 per cent. Chinese imports.

The FTSEurofirst 300 index rose 0.06 percent to 1.469 points, while the pan-European STOXX 600 index gained 0.12 percent to 378 points.

Wall Street started to drop the negotiations, but the movement did not change the mood on the European markets.

"I think that the market has riddled this whole roller coaster more or less with tariffs," said Dimitrios Stefanopoulos, portfolio manager at AlphaTrust, adding that investors believe Trump will seek a deal for the parliamentary elections in the United States.

Although news about potential rates for Chinese products will be less than the 25 percent of the government, economists say that this will still have a significant impact on the markets.

"Our American economists expect even a 10 percent rate to slow down growth in the fourth quarter, prompting the Fed to skip an interest rate hike in December," wrote UBS strategists.

The market was driven by strong defensive actions in telecommunications and public services. The cyclical sectors, which are more sensitive to trade and economic growth, withdrew when the trade war was intensified in recent months.

"If the trade war hits the economy, the defenses become better," said Stefanopoulos.

On Monday, several shares rose after releasing results, which contributed to the risk appetite.

Due to increased H & M sales, the shares rose by around 16 percent, an encouraging result for the world's second-largest fashion retailer, 43 percent of which was lower than a year ago.

The FTSEurofirst 300 index closed 0.06 percent at 1,478 points.

In LONDON, the Financial Times index fell 0.03 percent to 7.302 points.

In FRANKFURT, the DAX index fell by 0.30 percent to 12.088 points.

In PARIS, the CAC-40 index lost 0.07 percent to 5,348 points.

In MILAN the Ftse / Mib index appreciated 1.08 percent to 21,111 points.

In MADRI, the Ibex-35 index rose by 0.42 percent to 9404 points.

In LISBON the PSI20 index appreciated 0.82 percent to 5,328 points.

Reuters
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