European shares edge up on trade optimism
July 3 (Reuters) - European shares rose on Thursday, lifted by easing Sino-U.S. tensions and renewed optimism over global agreements following a U.S.–Vietnam pact ahead of the July 9 tariff deadline.
The pan-European STOXX 600 index .STOXX advanced 0.4% at 543.26 points, as of 0705 GMT. Other major regional indexes also traded higher.
U.S. President Donald Trump said on Wednesday he had sealed a trade deal with Vietnam, under which U.S. will place a lower-than-promised 20% tariff on many Vietnamese exports.
Also boosting market sentiment, U.S. lifted restrictions on exports to China for chip design software developers and ethane producers.
Siemens AG SIEGn.DE gained 1.5% after the German company said it was restoring access to its software and technology for Chinese customers.
European real estate .SX86P stocks rose 0.6%, while energy sector .SXEP advanced 0.5%.
Investors also await U.S. nonfarm payrolls data due later in the day.
Trump's massive tax and spending bill, which was pending a possible final approval by the House of Representatives, was also in focus.
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