Stocks in Europe climbed on Tuesday as investors brushed off China’s decision to sanction US lawmakers for criticising the country’s crackdown on Hong Kong.
China’s foreign ministry said on Monday that the 11 lawmakers and organisation leaders that it chose to sanction — a list that includes senators Marco Rubio and Ted Cruz — had “performed badly” on Hong Kong-related matters.
The move follows the decision from US president Donald Trump’s administration last week to sanction the same number of Chinese and Hong Kong officials.
The official UK unemployment rate remained near all-time lows in June, even as experimental real-time data released by the Office for National Statistics showed a worsening outlook for the country’s jobs market.
Stocks in Europe had fallen on Monday in the wake of the sanctions.
The gains in Europe followed a strong trading session in Asia.
Futures were pointing to a higher open for stocks in the US amid signs of progress on a stimulus deal.
US lawmakers and officials in the Trump administration said they were ready to resume talks about the package.