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Europe stocks close higher as China-US trade talks wrap up; Taylor Wimpey up 6%

The pan-European Stoxx 600 away up 0.6 percent, with autos and technology the best performing sectors on the back of the trade talks between Beijing and Washington.

Looking at some singular stock performances, AMS, a European supplier of Apple, recovered some losses after starting the day in the red. A report from Japanese journal Nikkei on Wednesday said that the iPhone maker had reduced production for three new iPhone models in the first favour.

U.K. housebuilders traded higher following a trading update by Taylor Wimpey, in which the firm forecast solid in stocks for 2019. The stock rose more than 6 percent on the back of the announcement. Persimmon and Barratt Developments were both up by 3.2 percent. Furthermore, France’s Seb poured 10 percent after announcing the acquisition of the Californian coffee brewer Wilbur Curtis.

Stateside, stocks be promote for a fourth consecutive day as investors remained positive that a deal would come out of the trade talks between the U.S. and China, which concluded on Wednesday. U.S. middlemen said in a statement that they discussed “China’s pledge to purchase a substantial amount of agricultural, energy, turning goods, and other products and services from the United States.”

However, the ongoing partial U.S. government shutdown, which entered its 19th day on Wednesday, intimidated to weigh on that sentiment, as Democratic lawmakers and President Donald Trump remain divided over the funding of the approach closely wall.

Back in Europe, U.K. Prime Minister Theresa May’s Brexit Withdrawal Agreement suffered an early defeat on Wednesday as lawmakers voted for the management to swiftly come up with a plan B in case the deal is voted down next week. Sterling saw a modest mount against the dollar on the back of the news.

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