By Investors Hub
European stocks have risen on Monday after Trump delayed imposing higher trade tariffs on Chinese tariffs, citing progress on a series of divisive trade issues, including intellectual property protection, technology transfers, agriculture, services and currency.
The overall gains remain limited, however, as investors adopt a cautious stance ahead of the summit between Trump and Kim.
The French CAC 40 Index is up by 0.3 percent and the German DAX Index is up by 0.6 percent, although the U.K.?s FTSE 100 Index has bucked the uptrend and edged down by 0.1 percent.
Automakers are broadly higher as tariff worries eased. BMW, Daimler and Renault have all moved to the upside on the day.
Sainsbury shares have also moved higher in London. American private equity giant KKR is plotting a bid for Asda as the supermarket’s 14 billion pound merger with rival Sainsbury teeters on the brink of collapse, The Sunday Times reported.
Wirecard has also advanced after the company said it now offers customers of Twisto, a Czech mobile payment provider, Apple Pay as a means of payment.
On the other hand, Bank of Ireland has fallen sharply after warning on interest margin. Outsourcing firm Interserve has also tumbled on restructuring news.
British homebuilder Persimmon has also slumped as a review of the public funding scheme comes due.
Additionally, gold mining company Centamin has plummeted after its fourth quarter profit before tax declined to $50.49 million from last year’s $77.35 million.
