Economic news

European stocks rise amid Syria conflict and U.S.-China trade tensions

European stocks edged up to fresh one-month peak on Friday as U.S.-China trade tensions eased, while corporate results supported markets.

Photo: Reuters

The Stoxx Europe 600 index was up 0.2% at 379.50.

Germany’s DAX 30 index was 0.4% higher at 12,469.13, while France’s CAC 40 surged 0.2% to 5,318.98. The UK’s FTSE 100 index shed 0.1% to 7,254.68.

Rolls-Royce lost 2.2% after the company warned of extra inspections of some engines, which could lead to higher costs in 2018.

Shares of Volkswagen rose 1.1% after the German concern announced the resignation of the chief executive officer of the company Matthias Muller.

Shares in Hammerson Plc slumped 12,5% as Klepierre SA has abandoned its plan to buy London-based counterpart.

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