European shares rise as trade relief rally shows it has legs

INSUBCONTINENT EXCLUSIVE:
LONDON: European shares rose strongly at the open on Friday, extending their gains from the previous session as a relief rally due to easing
fears of a trade war helped Wall Street hit record highs, while Asian shares also rose further overnight. At 0730 GMT, euro zone blue chips
were up 0.7 per cent and heading into a 10th straight session of gains, a performance not seen since 1997. Germany's DAX , home to some of
the continent's mightiest exporters, was up 0.7 per cent while autos, miners and banks were the top gainers across European bourses. Within
the pan-European STOXX 600, shares in British industrial technology firm Smiths posted the worst performance, dropping 9 per cent after its
full-year profit missed analysts' estimates. Just Eat lost 5.5 per cent after a report said Uber was in early talks to buy Deliveroo,
potentially giving it a major rival in the food delivery business