European shares opened higher on Monday as optimism over a deal to end the U.S.-...
LONDON - European shares opened higher on Monday as optimism over a deal to end the U.S.-Sino trade war lifted sentiment and a risk-on mood spread from Asia to European bourses in an otherwise slow day in terms of corporate earnings or economic indicators.
The Wall Street Journal reported on Sunday that Washington could lift most or all of its tariffs on Beijing, while a summit between U.S. President Donald Trump and his Chinese counterpart Xi Jinping to sign a final trade deal could happen later this month. A surprise big loser was lender Nordea which fell 5.7 pct, with traders citing a Finnish TV program reporting allegations of money laundering to be aired later on Monday.Fashion retailer Ted Baker fell after it announced that its Chief Executive Officer Ray Kelvin had resigned with immediate effect following an investigation into allegations of misconduct. Shares gradually recouped losses, however, to stand 0.9 percent higher.
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