European Daily Market Review 8.11.19

European shares advanced today after reaching a four-year high early in the session after China said the world’s two largest economies had agreed to cancel further tariffs.

The pan-European Stoxx 600 added 0.25% by late morning. The German DAX gained 0.73% and the French CAC-40 soared 0.18%.

London’s FTSE-100 inclined 0.16% The EU slashed its growth expectations for the eurozone Thursday.

The warning from the EU’s executive arm, the European Commission, comes a time when the European Central Bank (ECB) has started a new round of stimulus to prop up fragile growth.

U.K. house prices registered their lower growth figure this year in October. In reality, House prices advanced 0.9% from a year earlier, bringing the average to 232,249 pounds ($299,000).

Lufthansa flight personnel started a 48-hour strike over pay and pensions on Thursday.

As a result, the airliner had to cancel hundreds of flights. Yesterday, the company reported that is likely to cancel a total of 1,300 flights today and tomorrow.

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