European Shares Hit an All-Time High on Business Results

Several European indices hit record highs on Tuesday, buoyed by signs of easing tensions between the United States and China, solid business results, and dovish comments from the European Central Bank chief.

The pan-European Stoxx 600 index rose 0.1 percent by 0829 GMT, adding to the recent record gains, as an important meeting between US President Joe Biden and Chinese leader Xi Jinping saw both sides signal a cooling of fraught relations.

Leading stock indices also recorded peaks, including the German DAX and the French CAC 40, as well as the Eurozone shares.

Mining companies, which have a large exposure to China, rose 0.5% in early trading, while shares of telecom companies were supported by the rise of Vodafone 4.6 percent after announcing the quarterly results.