European stocks rise on positive quarterly earnings

European stocks rose today as investors assessed the possibility of a de-escalation in the US-China trade war, and were also supported by positive quarterly earnings.

China is considering exempting some US goods from 125% tariffs, supporting hopes for a de-escalation in the trade war between the world’s two largest economies.

The pan-European STOXX 600 index rose 0.5% by 04:10 GMT and is on track to rise 2.9% this week, marking its second consecutive weekly gain, according to Reuters.

Major European indices, including Germany’s DAX, France’s CAC 40, Spain’s IBEX, and Britain’s FTSE 100, also rose by between 0.2% and 0.9%.