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European markets perform higher than expected

European markets, stock markets, Congress, US President Donald Trump, WHSmith, US lawmakers, China, Europe, Schibsted, European Index, RPC Group
Investors monitor earning and are slightly concerned about government plans as they significantly impact stock markets

The pan-European Stoxx 600 traded by 0.1% higher with investors laying emphasis on political developments in Europe and the trade conflict between the US and China.

Of the top-performing sectors, basic resources and oil stocks were leading the list. Schibsted, an international media group climbed the European index with shares more than six percent, reported CNBC.

After showing four percent increase in sales in the last 13 weeks, British retailer WHSmith also witnessed its shares rise by more than four percent; and Europe’s largest supplier of plastic packaging RPC Group fell more than eight percent after the sale of non-core assets were announced.

The overall market conditions are largely influenced by political moves. Jens Weidmann, head of Central Bank of Germany signalled that Italy’s unsteady politics speaks of Eurozone’s present times, yet to be ‘crisis proof’.

The US lawmakers announced on Tuesday that they plan to initiate legislation that would help in obtaining approval from Congress even before tariffs can be imposed on  national security grounds.

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