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European equities rose at the open, reversing some of their recent sharp losses, as markets awaited developments in the trade dispute between the US and China, whose central bank called for investors to remain calm.

The Stoxx Europe 600 index gained 0.6% on Wednesday after falling 0.7% on Tuesday following the US administration’s threat to impose additional tariffs on Chinese goods.

China’s central bank Governor, Yi Gang, pledged to use monetary policy “comprehensively” late on Tuesday and said policymakers are prepared for outside shocks.All of the 19 Stoxx 600 sectors rose on Wednesday, led by basic resources, which was the largest decliner the day before.

The S&P 500 index slipped 0.4% in New York Tuesday.
Last modified on Wednesday, 20 June 2018

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