European Shares Make Cautious Gains

(RTTNews) - European stocks were modestly higher on Monday after U.S. jobs data beat forecasts and a report showed China's factory deflation eased in July, adding to signs of an economic recovery.

However, markets were off their day's highs amid a fresh flare-up in Sino-U.S. tensions and continued uncertainty about a deal on a U.S. stimulus package.

Amid mounting tensions between Washington and Beijing, U.S. Health Secretary Alex Azar offered President Donald Trump's strong support for democratic Taiwan.

China said it will impose sanctions on 11 U.S. citizens in response to similar measures from Washington on Chinese and Hong Kong officials.

In economic releases, a survey showed that investor morale in the euro zone rose for a fourth consecutive month in August.
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