Several European indices rose to a record high today, Tuesday, as a result of the easing of tension between the United States and China, strong business results and statements calling for easing from the President of the European Central Bank.
According to Arab Net, the European Stoxx 600 index rose 0.1% by 0829 GMT, adding to the recent record gains, as an important meeting between US President Joe Biden and Chinese leader Xi Jinping witnessed both sides signaling a calming of the charged relations.
Leading stock indices also recorded peaks, including the German DAX and the French CAC 40, as well as the Eurozone shares.
Shares of mining companies, which have a large exposure to China, rose 0.5% in early trading, while shares of telecom companies were supported by the rise of Vodafone shares 4.6% after announcing the quarterly results.
