European shares at record high on China tariff cut plans, robust bank results
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(Reuters) - European shares rose to a record high on Thursday as China's intention to cut tariffs on U.S. goods and a swathe of strong bank earnings energized equity markets.The pan-European STOXX 600 index rose as much as 0.7% to a record high of 426.700. The index was looking at a fourth straight day of gains as it recovered from heavy selling last week. China said on Thursday it intends to halve tariffs on some U.S. goods next week, which could help improve negotiating conditions for a..