Stocks rise in Europe after a mixed day in Asia, as pro-EU forces retain a majority in the 28-nation bloc's parliament despite the rise of nationalist parties in a region-wide vote.
Stocks rose in Europe on Monday, after a mixed day in Asia, as pro-EU forces retained a majority in the 28-nation bloc's parliament despite the rise of nationalist parties in a region-wide vote.
"The deeply divided right-wingers will remain far away from wielding any significant power at the European level. They will not be able to block significant decisions," said Holger Schmieding, economist at Berenberg bank. Trump's administration has been seeking a bilateral trade deal with Japan after withdrawing from the Pacific Rim trading block, the Trans-Pacific Partnership. The two sides are working to close gaps over trade in farm products and autos and auto parts.
The 11th round of U.S.-China trade talks ended with no agreement. Instead, the U.S. moved to increase tariffs on Chinese goods, prompting China to reciprocate. The trade dispute escalated further after the U.S. proposed restrictions on technology sales to China.
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