Modupe Gbadeyanka
By Investors Hub
European stocks are trading higher on Tuesday as worries about an imminent trade war eased and British Prime Minister Theresa May said she was confident of reaching a good Brexit deal. Deal making activity has also helped boost investor sentiment.
While the French CAC 40 Index has climbed by 0.7 percent, the U.K.?s FTSE 100 Index and the German DAX Index are both up by 0.8 percent.
Telecom Italia has jumped on a Bloomberg report that activist investor Elliott Management is considering nominating directors to its board and pushing for other changes at the company.
Smurfit Kappa shares have also moved sharply higher after the packaging company rejected an “unsolicited and highly opportunistic” takeover offer from International Paper Co.
Tullow Oil and Total SA have advanced after crude oil prices rose more than 2 percent overnight amid reports that Libya is suffering supply interruptions.
French technology firm Thales has also soared after saying it expects to exceed medium-term targets.
