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GLOBAL MARKETS-Europe shrugs off Asian gloom, euro shuffles higher
European shares headed for a third day of gains on Thursday, as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia. Trade war nerves had pegged all of Asia's bourses back with a U.S. deadline to impose tariffs on Chinese imports just a day away, but it was another widely-flagged target - the German car sector - that drove Europe's fast start. Mercedes-maker Daimler, and BMW Porsche and Volkswagen raced up as much as 5 percent after a newspaper report about a U.S. offer to suspend tariff threats on EU-made cars if the bloc lifts its duties on U.S. ones.
https://finance.yahoo.com/news/global-markets-europe-shrugs-off-093430081.html?.tsrc=rss
European shares headed for a third day of gains on Thursday, as reassuring economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs offset another gloomy session for Asia. Trade war nerves had pegged all of Asia's bourses back with a U.S. deadline to impose tariffs on Chinese imports just a day away, but it was another widely-flagged target - the German car sector - that drove Europe's fast start. Mercedes-maker Daimler, and BMW Porsche and Volkswagen raced up as much as 5 percent after a newspaper report about a U.S. offer to suspend tariff threats on EU-made cars if the bloc lifts its duties on U.S. ones.
https://finance.yahoo.com/news/global-markets-europe-shrugs-off-093430081.html?.tsrc=rss
