Europe's basic resources, with their large exposure to China, nearly jumped almost 2 percent on Wednesday. It comes at a time when investors are hopeful. A new round of trade talks between the world's two largest economies could end a prolonged conflict.
U.S. Trade Representative Robert Lighthizer and State Secretary Steven Mnuchin are due to resume negotiations with Chinese Vice President Liu He in Washington on Wednesday, shortly after both sides reported progress from the Beijing negotiations last week.
Given the individual stocks, France's Casino Guichard fell to the bottom of the index after Moody's cut its long-term ratings for the company. Stocks in the supermarket dealer fell more than 2 percent lower.
Business activity across the euro area was weak last month, official data showed Wednesday. IHS Markits Eurozone Composite Final Purchasing Managers Index (PMI) ̵