Chip maker STMicro shares jump 12% over plans to cut 5,000 jobs

Europe markets rise as EU trade chief says U.S. talks ‘advancing in the right direction’

European stock markets rose as the EU trade chief said talks with the U.S. were ’advancing in the right direction’.

The pan-European Stoxx Europe 600 index provisionally closed higher by 0.5%. Other major indexes were also in the black. The U.K.’s FTSE 100 rose 0.2%, Germany’s DAX was up 0.7%, and France’s CAC 40 gained 0.5%.

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