(For a live blog on European stocks, type LIVE/ in an Eikon news window)
July 4 (Reuters) - European shares advanced for the sixth straight session on Thursday, as investors took heart from signs that the U.S.-China trade talks are back on track, with expectations of interest rate cuts by central banks lifting the sentiment.
By 0710 GMT, the pan-European STOXX 600 index .STOXX was up 0.1%, while the euro zone's STOXXE .STOXXE gained 0.2%, a day after both the bourses hit fresh 2019 peaks on hopes that France's Christine Lagarde will stick to ECB's dovish policy stance as the bank's next chief.
Trade-sensitive auto stocks .SXAP and technology companies .SX8P sectors led the charge among European sectors on news that top representatives from the United States and China are arranging to resume talks next week. helping the auto stocks were gains in shares of French car parts company Valeo VLOF.PA after its executive Marc Vrecko told Reuters it has won 500 million euros ($564 million) worth of orders for its 'Lidar' car sensor products. top of the STOXX 600 was Finnish engineering group Metso METSO.HE , up more than 6%, after the company said it would merge Outotec OTE1V.HE with its main Minerals unit to create a larger engineering firm serving the minerals, metals and aggregates industries. lighting company Osram OSRn.DE rose 4.3%, extending Wednesday's more than 10% rise after the company confirmed it had received a takeover offer of 3.4 billion euros ($3.84 billion) from Bain and Carlyle CG.O . FTMIB .FTMIB hit a fresh two-month peak, while its bank index .FTIT8300 climbed about 2%, after the European Commission dropped its threat of disciplinary action against the country.
Meanwhile, on the Wall Street, which is closed for Independence Day, the three main indexes clinched fresh record closing highs on Wednesday after a spate of weak economic data firmed bets that the U.S. Federal Reserve would cut interest rates to counter slowing growth.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.