Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
* U.S.-China to resume two-day trade talks
* All European sub-sectors higher
* Thyssenkrupp soars on report of abandoning split plan
* Ambu tumbles after CEO exit news (Adds details, quotes; updates prices)
May 10 (Reuters) - European shares rallied on Friday, recovering slightly from six week lows as investors hoped that United States and China would still be able to resolve their bitter trade dispute, even as a planned U.S. tariff hike on Chinese imports took effect.
The STOXX 600 index added 0.9 percent by 0840 GMT. The pan-European index, which has been bruised by trade worries most of this week, remains on track for its biggest weekly decline this year.
Trade-sensitive Germany's DAX was leading the charge with its 1.1 percent rise while the volatility gauge on euro zone blue-chips eased from a four-month high.
The tariff hike on $200 billion worth of Chinese goods came in the middle of two days of talks between top U.S. and Chinese negotiators to try to rescue a faltering deal aimed at ending a trade war between the world's largest economies.
"The fact that the two sides have agreed to continue negotiations on Friday is offering a glimmer of hope that the relationship between the two powers hasn't deteriorated beyond repair," said Jasper Lawler, head of research at futures brokerage London Capital Group wrote in a note.
Trade optimism and a jump in Bechtle shares after results helped technology lead the rally among European sub-sectors, all of which were higher.
Defensive stocks - real estate and telecom - posting the slimmest gains.
Bechtle jumped 9 percent after the German IT-systems provider reported a nearly 30 percent rise in quarterly revenue and reaffirmed its full-year outlook.
Thyssenkrupp climbed about 10 percent after sources told Reuters it is considering listing of its elevators business after abandoning plans to split itself up.
Meanwhile, the world's largest cement maker LafargeHolcim gained 3 percent after agreeing to sell its Philippines operations in a deal valuing them at $2.15 billion.
Among airline stocks, Air France shares rose after the carrier reported a 9.2 percent year-over-year rise in passengers across the group last month while British Airways owner IAG jumped after reiterating its operating profit guidance in 2019.
At the bottom of the STOXX 600 was Denmark-based medical equipment marketer Ambu after the company's chief executive Lars Marcher resigned.
France's main airports group ADP tumbled for a second straight day over plans for a public vote on its privatization process. France's finance minister said he remained committed to privatising the company. (Reporting by Medha Singh and Agamoni Ghosh in Bengaluru Editing by Keith Weir)