European
equities rose during Tuesday’s trading, as markets awaited the signing of the
phase-one trade agreement between the United States and China, ahead of the
beginning of the U.S. earnings season.
As
of 10:58 GMT, the Euro STOXX 600 was 0.07 percent up at 418.64, still close to the
all-time high of 421.43 recorded on January 9.
France
CAC 40 soared 0.010 percent at 6,036.95 and Germany’s DAX ascended 0.14 percent
to 13,470.93. In Britain, FTSE 100 surged 0.18 percent to 7,631.11.
The
rise in European shares came as investors waited to sign of the trade deal between
the United States and China and after Washington’s lifting of the
currency-manipulator label from Beijing.
The
Phase one of the U.S.-China trade deal is supposed to be signed on Wednesday in
Washington.
Another
positive development emerged as the U.S. lifted its designation of the country
as a currency cheat.
Investors
are currently preparing for the release of corporate earnings today, as JPMorgan
Chase & Co. and Citigroup Inc. announces their financial results.
On
Monday, the heavy-tech Nasdaq Composite climbed more than 1 percent to finish
at a record high of 9,273.93 and the S&P 500 index edged 0.7 percent up to
end at 3,288.13.
Meanwhile,
the dollar index, which measures the performance of six major currencies
against the U.S dollar, traded slightly higher at 97.11, ahead of the release
of U.S. consumer prices data.
The
consumer price index in the U.S. may have surged 0.2 percent last month,
following a 0.3 percent advance in November, according to median forecasts.
Crude oil rose for
the first time in seven sessions on Tuesday to trade at $58.38 a barrel after
hitting a six-week low at $57.72.
