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Better than expected Chinese exports, US-Mexico tariff deal boost European markets

  • Better than expected Chinese export data and US-Mexico deal over tariffs boost European stock markets
  • Stoxx 600 traded 0.4% higher earlier today
  • Car manufacturers’ stocks trading higher on renewed hopes of merger between Renault and Fiat-Chrysler

Better than expected Chinese export statistics and the agreement between the US and Mexico over import tariffs boosted morale on European stock markets today. Car manufacturers’ stocks also benefited from rising optimism that the merger between Fiat-Chrysler and Renault will go through.

The STOXX 600 was about 0.4% up earlier today, although trading volumes were unusually low because of the Whit Monday public holiday in Switzerland, Germany, Austria and the majority of Nordic nations.