External Content

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

The DAX Index curve is displayed inside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Wednesday, May 30, 2018. As the world ponders whether 2018 is when financial markets finally buckle after a nearly decade-long boom, theres no shortage of potential crises to keep traders awake at night. Photographer: Bloomberg/Bloomberg

(bloomberg)

(Bloomberg) -- European shares gained ground at the open as investors prepared for the Federal Reserve minutes to gauge signals about the pace of future rate increases, while the auto sector surged on a report of tariff talks between the U.S. and Europe.

The Stoxx Europe 600 Index was up 0.2 percent. Glencore Plc rose 2.5 percent after announcing it’ll buy back as much as $1 billion of its shares. A gauge for the automakers gained 2.4% after Handelsblatt reported the U.S. Ambassador to Germany told the country’s automakers he was asked by Washington to reach a solution between Berlin and Brussels on car tariffs.

Minutes from the Federal Reserve’s June 12-13 gathering and U.S. employment numbers for June may give investors clues about the strength of the economy and the outlook for rate hikes. Investors are also eyeing the end of this week as the U.S. is scheduled to impose tariffs on $34 billion of Chinese goods on Friday. China has pledged it won’t implement tariffs before the U.S. is scheduled to do so on Friday, accounting for the difference in time zones.

--With assistance from Justina Lee.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Blaise Robinson at brobinson58@bloomberg.net

©2018 Bloomberg L.P.

Neuer Inhalt

Horizontal Line


swissinfo EN

Teaser Join us on Facebook!

Join us on Facebook!

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.








Click here to see more newsletters

Bloomberg