Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
* European stocks, oil prices hit highest since November
Euro at 3-month low after Germany just skirts recession
* Report Trump could push out deadline on tariffs
* China exports, imports easily beat forecasts
* Dollar holds firm as yen, euro and pound all ebb
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
By Marc Jones
LONDON, Feb 14 (Reuters) - Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved.
Markets were generally in a cautious mood as investors hung on for any hint of progress in the tariff talks amid reports the White House could extend the deadline for a deal.
Stocks extended gains regardless. Strong results from Nestle , drugmaker AstraZeneca and plane giant Airbus lifted the pan-European STOXX 600 0.5 percent to put it on course for its fourth day of gains and best week since early November.
"Cupid continues to shoot out bullish arrows across financial markets with last weeks blip almost forgotten about for now," Deutsche Bank said in a morning note.
The euro did not share the feeling however.
It struggled near a three-month low as data showed Germany's economy stalled in the fourth quarter, with fallout from global trade disputes and Brexit threatening to derail a decade-long expansion in Europe's economic powerhouse.
A U.S. proposing stiff new sanctions on Russian banks and oil and gas firms sent shares in Moscow tumbling more than 2 percent and ignited rouble FX volatility gauges.
On China, President Donald Trump said on Wednesday that trade talks were "going along very well" and, with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer in China, investors had been daring to hope for good news.
Bloomberg said Trump was considering pushing back the March 1 deadline for higher tariffs on Chinese goods by 60 days.
But expectations have been disappointed before, the reaction in Asian share markets was guarded. Shanghai blue chips closed broadly flat, having jumped 2 percent on Wednesday to levels last seen in late September.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.15 percent, though that was off a peak last seen in early October.
Japan's Nikkei touched its highest this year as a weakening yen boosted export stocks. The Australian dollar, often used as a liquid proxy for China risks, gained 0.4 percent to $0.7114 and S&P 500 futures added 0.15 percent.
The Aussie dollar had already got a small lift when Chinese trade data handily beat expectations in a welcome relief for the global economy.
Beijing reported exports rose 9.1 percent in January from a year earlier, confounding forecasts of a fall, while imports dipped by a surprisingly slight 1.5 percent.
The recent improvement in risk appetite undermined the safe haven yen and propelled the dollar to its best levels of the year so far at 111.05.
The subdued European data pushed long-term market inflation expectations to new lows, while putting downward pressure on bond yields in the bloc.
The single currency was at $1.1280 above the floor of a $1.1213/1.1570 trading range that has held since mid-October.
Sterling was also on edge at $1.2845 ahead of another parliamentary vote on British Prime Minister Theresa May's Brexit plan.
That left the dollar near its highest since mid-December against a basket of currencies at 97.059.
In commodity markets, spot gold edged up 0.18 percent to $1,308.56 per ounce.
Oil prices found support as top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper output cut.
U.S. crude was up 56 cents, or 1 percent, at $54.42 a barrel, while Brent crude futures rose 97 cents to $64.50, its highest since November.
(Additional reporting by Sujata Rao in London, Wayne Cole in Sydney; editing by John Stonestreet)