2018-11-13
European shares rose in early trade on Tuesday amid hopes of a further escalation in the US-China tariff war, erasing concerns from the previous session of a possible decline in technology stocks after Apple's suppliers cut their expectations.
 
By 0834 GMT, the Stoxx 600 European index was up 0.8 percent, although major US stock indexes suffered heavy losses on Monday.
 
Asian markets offset losses on Monday evening after a report that China's chief trade negotiator was preparing to visit the United States ahead of a meeting between leaders of the world's two largest economies.
 
The European technology index gained 1.2 percent after falling 3.7 percent in the previous session, when the Nasdaq lost more than 2 percent in New York.
 
The telecoms sector was Europe's biggest gainer on Tuesday, posting its highest level since August 24, rising 1.8 percent, boosted by Vodafone's pledge to cut operating costs.
 
BTEG was the best performer, jumping 13.6 percent after the company reported better-than-expected earnings and a positive outlook.