June 20, 2018 / 7:42 AM / in a year

European shares post modest rebound as trade war fears linger on

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LONDON, June 20 (Reuters) - European shares opened higher on Wednesday but the modest rebound failed to erase the previous session’s losses as investors’ fears about the trade dispute between the U.S. and China linger on.

The pan-European STOXX 600 was up 0.6 percent at 0730 GMT with gains spread across European bourses and sectors.

Shares in Colruyt posted the best performance with a rise of over 10 percent after the supermarket group reported yearly profits above expectations and Barclays rose its target price from 38 euros to 41 euros for the stock.

Denmark’s Maersk gained about 3 percent after it announced a new Chief Finance Officer.

UK builder Berkeley was one of the few losers, down 2.7 percent after releasing full-year results. (Reporting by Julien Ponthus Editing by Raissa Kasolowsky)

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