European shares touch new six-week highs

European stocks opened Thursday at their highest level since July 30 in new evidence of easing trade war tensions between the United States and China.

After Beijing decided to exempt some US goods from additional tariffs on Wednesday, Washington responded by announcing a brief delay in planned tariff hikes on goods worth billions.

The pan-European stock index is up 0.2% from 0710 GMT. The index touched a 6-week high Wednesday on optimism about a devaluation in the Sino-U trading war. which undermines the economic and monetary stimulus expectations of the European Central Bank.

Investors widely expect the central bank to announce for the first time an interest rate cut and resume an asset purchase program. But analysts have warned against setting too high expectations.

Among the shares, Anheuser-Busch InBev was the biggest boost for the STOXX 600 after the company said it would again research an initial public offering in Hong Kong for its Asia Pacific unit two months after canceling the planned listing./investing

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