By Investors Hub
European stocks have moved mostly higher Tuesday after Chinese President Xi Jinping sought to defuse trade tensions with the U.S. by lifting limits of foreign investment in automobile and aircraft industries. He also outlined various measures to open up the world’s second-largest economy.
While the German DAX Index has advanced by 0.9 percent, the U.K.?s FTSE 100 Index is up by 0.6 percent and the French CAC 40 Index is up by 0.5 percent.
Vedanta shares have rallied in London. The company said it is evaluating further courses of action after its application for the renewal of consent to operate its existing smelter plant at Tuticorin (India) was rejected for want of more clarifications.
French luxury goods conglomerate LVMH has also soared more than 5 percent after a solid trading update.
Bayer has jumped on a Wall Street Journal report that the U.S. Justice Department has decided to allow the German company’s deal to acquire Monsanto Co., valued at more than $60 billion.
Meanwhile, Givaudan shares have tumbled after the Swiss fragrance and flavor maker reported weaker than expected sales for the first quarter.
On the data front, French industrial production recovered in February, figures from the statistical office Insee showed. Industrial production grew 1.2 percent month-on-month in February following a 1.8 percent slump in January.
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