LIVE MARKETS-Strong start for Europe as Trump and co. head to China
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STRONG START FOR EUROPE AS TRUMP AND CO. HEAD TO CHINA
European shares are rising on Wednesday, led by a strong rally in mining companies as U.S. President Trump and a gaggle of CEOs and executives from companies such as Tesla TSLA.O, Nvidia NVDA.O and BlackRock BLK.N head to China.
The STOXX 600 .STOXX is up 0.7% after falling 1% the day before. Breadth is positive, with rising stocks outnumbering falling stocks by almost two to one.
The STOXX Europe 600 basic resources index .SXPP is the top gainer, rising 3.6% to a new record high. Top gainers include Antofagasta ANTO.L, KGHM Polska Miedz KGH.WA and Boliden BOL.ST, which are all up at least 4.5%.
Swiss recruitment and HR firm Adecco ADEN.S is the biggest faller after it said permanent recruitment was down 7%, even though revenue beat analysts' forecasts.
Markets are also still closely watching the Middle East. The ceasefire between the U.S. and Iran remains intact, but the two sides are showing little signs of progress on making a peace deal.
All the while, the Strait of Hormuz remains effectively shut and oil and gas prices remain elevated.
Here's your opening snapshot:
(Samuel Indyk)
EARLIER ON LIVE MARKETS:
EUROPE BEFORE THE BELL: FUTURES SIGNAL A REBOUND CLICK HERE
LOCKED IN A STALEMATE WITH IRAN, TRUMP HEADS TO CHINA CLICK HERE
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