European shares jump 1% after report U.S., China close to trade deal
Share:
(Reuters) - European shares bounced back on Wednesday from a four-day slump as a report that Beijing and Washington were moving closer to a trade deal offset fears about a possible delay in resolving their prolonged dispute. After opening marginally higher, the STOXX 600 climbed 1% after Bloomberg reported that the two sides were closer to agreeing on the amount of tariffs that would be rolled back in a "phase one" trade deal.The report lifted the benchmark from a one-month low hit on Tuesday..