Economic news

European stocks firm, global trade war in focus

European stocks rose in early trading on Friday as the trade row between the world's largest economies fueled with U.S. tariffs on $34 billion in Chinese imports taking effect and China immediately promising to respond.

Photo: Reuters

The pan-European STOXX 600 index was 0.1% higher at 382.12. 

Frankfurt's DAX was up 0.4% at 12,506.03 and Paris CAC 40 added 0.4% to 5,388.20.

Spain's IBEX 35 climbed 0.2% to 9,884.90 and the UK's FTSE 100 surged 0.3% to 7,628.15.

Among individual stocks, Britain’s Inmarsat led the decline, sliding 10 percent after it rejected a second bid from its U.S. rival EchoStar.

Germany’s Thyssenkrupp posted the strongest performance, rising 3.4 percent following its Chief Executive Heinrich Hiesinger's unexpected resignation.


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