The United States and China eased trade tensions over the weekend and helped the...
FILE PHOTO - The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018. REUTERS/Tilman Blasshofer
- The United States and China eased trade tensions over the weekend and helped the European market climb to a near two-month high in early dealings on Monday, with Germany’s trade-sensitive DAX leading market gains. U.S. and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and reducing restrictions on tech company Huawei in order to lessen hostilities with Beijing.
The news helped shares in Asia gain overnight as investors piled into riskier assets, which took the shine off safe haven assets including gold and the yen.The lighter restrictions on Huawei, as well as a report that U.S. semiconductor equipment supplier Applied Materials, will buy Japan’s Kokusai Electric for about $2.3 billion, helped European chipmakers jump in early trading.
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