September 21, 2018 / 7:36 AM / a year ago

European shares rise as trade relief rally shows it has legs

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LONDON, Sept 21 (Reuters) - European shares rose strongly at the open on Friday, extending their gains from the previous session as a relief rally due to easing fears of a trade war helped Wall Street hit record highs, while Asian shares also rose further overnight.

At 0730 GMT, euro zone blue chips <STOXX 50E> were up 0.7 percent and heading into a 10th straight session of gains, a performance not seen since 1997.

Germany’s DAX , home to some of the continent’s mightiest exporters, was up 0.7 percent while autos, miners and banks were the top gainers across European bourses.

Within the pan-European STOXX 600, shares in British industrial technology firm Smiths posted the worst performance, dropping 9 percent after its full-year profit missed analysts’ estimates.

Just Eat lost 5.5 percent after a report said Uber was in early talks to buy Deliveroo, potentially giving it a major rival in the food delivery business. (Reporting by Julien Ponthus; Editing by Hugh Lawson)

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