European shares traded slightly
higher on Thursday as a flurry of corporate trading updates
quelled fears of fast-rising U.S. interest rates amid ongoing
concerns the Sino-U.S. trade conflict could escalate and hurt
the global economy.
In the middle of a
Sino-U.S. trade war, the world's largest publicly traded oil and
gas company is turning toward Beijing for business at a time
when most of Corporate America is looking elsewhere to avoid the
threat of tariffs.
Chinese stocks fell sharply on
Thursday as heavy selling in the energy sector and worries about
the levels of borrowing in the stock market added to broader
concerns over growth and the global sell-off in equities.
A branch of China's
securities regulator has asked creditors of a Beijing-based
environmental firm not to force margin calls on pledged stocks
they hold of the company, underscoring official concern over
margin lending risks and their impact on financial markets.