LONDON (Reuters) – European stocks rose moderately after progress in the U.S.-China trade talks buoyed sentiment and investors grew somewhat optimistic about the next batch of corporate earnings.
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
The Stoxx Europe 600 recovered from earlier losses and rose higher, with gains in banks offsetting declines in miners.
Investors are focused on the U.S. earnings season to gauge the strength of corporate America in the face of major challenges to growth.
JPMorgan Chase & Co. posted strong first-quarter results last week, and Bank of America Corp. is due on Tuesday.
Equities in Asia approached a fresh six-month high, spurred on by markets in Japan and Korea, after the Bank of China released upbeat credit data.
U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap.
That, combined with strong Chinese export and euro zone industrial production data on Friday, has lifted global equities, bund yields and the euro.
“It seems like bullish sentiment has decent grip for now and everyone is focused on the year to date performance of the equity markets,” said Naeem Aslam,