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European stocks rise on signs of loosening U.S.-China tension as Wirecard gets crushed again

June 19, 2020

European stocks pushed higher on Friday and headed for a weekly gain after days of worries over rising coronavirus cases in parts of the world. Potential good news on the U.S.-China trade front was driving some momentum.

The Stoxx Europe 600 index SXXP, 0.49% rose 0.6%, after closing down 0.7% on Thursday, snapping a two-session winning streak. For the week to Thursday, the index has gained 2.6%. Elsewhere, the German DAX 30 index DAX, 0.55% gained 0.6%, the French CAC 40 index PX1, 0.57% climbed 0.8% and the FTSE 100 UKX, 0.55% added 0.4%.

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