By Investors Hub
European stocks have rebounded on Thursday as investors hold out hopes that the U.S. and China will eventually have new trade talks that end with a bilateral solution to the ongoing trade dispute.
While the German DAX Index has climbed by 0.5 percent, the U.K.?s FTSE 100 Index and the French CAC 40 Index are both up by 0.9 percent.
Gerresheimer has soared in Frankfurt after announcing the acquisition of Swiss technology company Sensile Medical.
Capita Group has also jumped in London. The outsourcing firm has announced an agreement to sell its parking management business, ParkingEye, to a vehicle owned by Macquarie and funds advised by MML Capital Partners for a cash consideration of 235 million pounds.
Sky Plc shares have also advanced after Comcast Corp. (CMCSA) increased its takeover bid for the British broadcaster.
On the other hand, Norwegian bank DNB has slumped after its second quarter earnings fell short of estimates.
In economic news, German consumer prices climbed 2.1 percent year-over-year in June, just below the 2.2 percent rise in May, final data from Destatis revealed. The increase was in line with the flash estimate published on June 28th.
French consumer prices climbed 2.0 percent year-over-year in June, the same rate of growth as in May, final figures from the statistical office Insee showed. The preliminary estimate for June was 2.1 percent.
Eurozone industrial production data for May came more or less in line with estimates.
Meanwhile, the European Commission trimmed its growth forecast for the euro area this year to 2.1 percent from 2.3 percent, as economic momentum moderated in the first half of 2018 after five straight quarters of vigorous expansion.
