European shares surge on trade optimism, China stimulus

 European markets began a strong note on Thursday owing to fresh monetary stimulus from China and growing optimism over the US-China trade deal.

The STOXX 600 index rose 0.9% after declining for two sessions in a row. Regional markets traded broadly higher.

However, stocks rose as Trump said that he would sign the Phase I agreement on Jan 15 at the White House.

Meanwhile, China’s central bank on Wednesday lowered the reserve requirement ratio for banks for the 8th time since 2018, with the latest cut freeing up around 800bn yuan ($115bn), Reuters reported.

Germany's manufacturing sector contracted further in December.

Among Asian markets, the Hang Seng gained 1.25%, the Shanghai Composite rose 1.15%, while the Nikkei 225 lost 0.76%.

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