U.S.-China trade optimism drives European shares to four-year high
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(Reuters) - European shares hit a more than four-year high on Thursday after China said Beijing and Washington have agreed to cancel existing tariffs in different phases, adding fuel to a rally that is now spanning to its fifth straight day. China and the United States must simultaneously cancel some existing tariffs on each other's goods for both sides to reach a "phase one" trade deal, the Chinese commerce ministry said.The pan-European STOXX 600 index rose 0.4% by 0813 GMT, with..