Europe: Stocks end higher as Trump-driven selling eases

The Business Times | Oct 3, 2020 at 2:00 AM
  • European stocks closed slightly higher on Friday, shaking off early weakness sparked by news that US President Donald Trump tested positive for Covid-19 as investors pinned hopes on more stimulus.
  • The pan-European Stoxx 600 rose 0.3 per cent, capping another volatile week which started with a bout of bargain hunting in beaten-down sectors that helped the benchmark record a 2 per cent weekly gain.
  • German Chancellor Angela Merkel said she had no breakthrough to announce in European Union talks with Britain but remained optimistic that sealing a new trade deal was still possible before the end of the year.