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TEHRAN, Sept 02 -European shares opened higher on Monday, driven by a rally in miners, while sentiment remained fragile as the United States and China kicked off the latest round of tit-for-tat tariffs on each others goods.
TEHRAN, Young Journalists Club (YJC) -Britain's FTSE 100's .FTSE 0.4% jump led gains, with mining majors such as BHP (BHPB.L) and Rio Tinto (RIO.L) rising on a surge in iron ore prices overnight in top consumer China.
Iron ore prices were supported by a pledge on Saturday from Beijing to beef up investment in infrastructure projects and regional development to support a slowing economy.
Meanwhile, Washington’s 15% tariffs on a variety of Chinese goods came into effect on Sunday, while China began to implement new duties on a $75 billion target list.
However, both sides will still meet for talks later this month, U.S. President Donald Trump said.
Trade-sensitive German shares .GDAXI was up 0.1% and the pan-European stocks benchmark index STOXX 600 rose 0.3% by 0714 GMT, beginning September higher after a 1.6% drop in August as the trade war, which has roiled financial markets and raised global recession fears, rages on for more than a year.
Source:reuters
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