European stocks are rising with a mutual reduction in fees between America and China

European stocks rose on Monday, after the United States and China agreed to a temporary mutual reduction in customs duties, which launched a wave of rise in global financial markets. The “Stoxus Yorre 600” index increased by 1% in Paris at 09:15, led by the consumer and mining sectors. The shares of the German company “Prosiebensat.1” rose by 20%, with its largest increase since 2009, after the German media company received a BPF group to increase its share. Optimism about a trade agreement with China The “Stoxx 600” index is still 3.5% less than the highest record recorded in March, amid the optimism that President Donald Trump will take a more flexible stance on international customs duties. Washington announced a commercial framework agreement with the United Kingdom last week, strengthening the hope of investors over the possibility of reaching an agreement with China. “Of course, this is good news, not very surprising as they need time to negotiate … It will be difficult to negotiate,” says Laurent Shudurg, a member of the BDL Management Committee on Management. At parallel level, the shares of pharmaceutical businesses fell after President Trump announced his intention to issue an order to lower the prices of the medicine prescribed in the United States. The shares of “Novo Nordisk” fell 6.5%, and “Astrazneca” fell 5.5%, while the shares of “Roche Holding” Fell “3.5%.