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Thursday preview: US data, Premier Oil in the spotlight
The spotlight on Thursday will be on a trio of high-frequency economic indicators in the States, including weekly jobless claims, housing starts and the Philly Fed's regional manufacturing gauge.
Europe close: Shares reverse early losses as trade tensions ease a tad
Stocks on the Continent vaulted higher during the final hour of trading after news broke that the US was considering postponing its decision on whether to place tariffs on imports of foreign automobiles for up to six months.
London close: Stocks snap higher as trade tensions abate
London stocks snapped higher following news that the US would postpone a decision on imports of foreign cars by at least six months and some positive headlines around US-China trade talks, but analysts remained of a clearly cautious bent.
White House may postpone car tariffs for as many as six months
The White House may postpone the launch of tariffs on US imports of automobiles and car parts for as much as half a year.
Europe midday: Stocks slip amid weak economic data overseas, Italy in focus
Stocks on the Continent are holding modestly lower following the release of weak data in both China and the US, with Italian issues especially weak after one of the country's leaders voiced support for breaking the euro area's budget rules if necessary.
US industrial production extends slide in April, led by factories and utilities
Industrial output growth in the States missed forecasts by a wide margin last month as manufacturing added to a growing list of monthly declines.
Economists puzzled by unexpected dip in US retail sales for April
US retail sales dipped unexpectedly last month, amid weak outturns for those of motor vehicles and parts, electronics and building materials, leaving some economists scratching their heads given the recent strength in the closely-watched weekly retail sales surveys from Redbook.