European markets close higher on US-China trade move; Persimmon tumbles

The pan-European Stoxx 600 finished provisionally up 0.29 percent by the mid-afternoon. Autos were the clear top-leading sector, up more than 2.1 percent, as trade talks between the U.S. and China take center stage. The sector is highly influenced by developments in global trade.

U.S. President Donald Trump announced a postponement of a deadline – March 1 – which would have triggered fresh trade tariffs on China. Both countries continue working to reach an agreement over trade. If a deal is reached, Trump said there will be a summit with Chinese President Xi.


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