European shares at record high on China plan to cut tariffs on some U.S. imports

(Reuters) - European shares rose to a record high on Thursday, helped by China's plan to cut tariffs on some U.S. goods and a swathe of strong earnings.The pan-European STOXX 600 index rose as much as 0.7% to a record high of 426.700.China said on Thursday it plans to halve tariffs on some U.S. goods, which could help improve negotiating conditions for a second phase of a trade deal after the signing of a Phase 1 agreement between the two countries earlier this year. The initial agreement had..