AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 130.98 Increased By ▲ 1.45 (1.12%)
BOP 6.80 Increased By ▲ 0.12 (1.8%)
CNERGY 4.62 Decreased By ▼ -0.01 (-0.22%)
DCL 8.97 Increased By ▲ 0.03 (0.34%)
DFML 43.00 Increased By ▲ 1.31 (3.14%)
DGKC 84.18 Increased By ▲ 0.41 (0.49%)
FCCL 33.05 Increased By ▲ 0.28 (0.85%)
FFBL 78.40 Increased By ▲ 2.93 (3.88%)
FFL 12.12 Increased By ▲ 0.65 (5.67%)
HUBC 110.90 Increased By ▲ 0.35 (0.32%)
HUMNL 14.56 No Change ▼ 0.00 (0%)
KEL 5.62 Increased By ▲ 0.23 (4.27%)
KOSM 8.26 Decreased By ▼ -0.14 (-1.67%)
MLCF 39.75 Decreased By ▼ -0.04 (-0.1%)
NBP 61.05 Increased By ▲ 0.76 (1.26%)
OGDC 199.60 Decreased By ▼ -0.06 (-0.03%)
PAEL 26.65 No Change ▼ 0.00 (0%)
PIBTL 7.81 Increased By ▲ 0.15 (1.96%)
PPL 160.15 Increased By ▲ 2.23 (1.41%)
PRL 26.70 Decreased By ▼ -0.03 (-0.11%)
PTC 18.80 Increased By ▲ 0.34 (1.84%)
SEARL 83.05 Increased By ▲ 0.61 (0.74%)
TELE 8.23 Decreased By ▼ -0.08 (-0.96%)
TOMCL 34.48 Decreased By ▼ -0.03 (-0.09%)
TPLP 9.06 No Change ▼ 0.00 (0%)
TREET 17.00 Decreased By ▼ -0.47 (-2.69%)
TRG 60.40 Decreased By ▼ -0.92 (-1.5%)
UNITY 27.81 Increased By ▲ 0.38 (1.39%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,570 Increased By 163.2 (1.57%)
BR30 31,952 Increased By 238.6 (0.75%)
KSE100 98,750 Increased By 1421.4 (1.46%)
KSE30 30,758 Increased By 566 (1.87%)

European shares opened on Thursday at their highest level since July 30 on fresh evidence of easing trade war tensions between the United States and China.

After Beijing decided to exempt some U.S. goods from additional tariffs on Wednesday, Washington reciprocated by announcing a short delay to scheduled tariff hikes on billions worth of Chinese goods.

The pan-European stock index rose 0.2% by 0710 GMT. The index touched a 6-week high on Wednesday on optimism about a de-escalation in the economically damaging Sino-U.S. trade war and expectations of monetary stimulus from the European Central Bank.

The direction of trading through the session will be determined by the extent of the stimulus that the ECB delivers after a policy meeting later on Thursday.

Investors widely expect the central bank to announce an interest rate cut for the first time since 2016 and restart an asset purchase programme. But analysts have warned against setting expectations too high.

Among stocks, Anheuser-Busch InBev was the biggest boost to the STOXX 600 after the company said it would again explore an initial public offering in Hong Kong for its Asia Pacific unit two months after cancelling the planned listing.

 

Comments

Comments are closed.