US-China plan talks lifts European shares

  • US-China plan talks lifts European shares
    Independent.t. E.
    European stocks rebounded after Beijing announced that it would conduct trade negotiations with the U.S. this month, boosting risk appetite recovery, although Italian shares fell sharply, as Atlantia plunged.
    https://www.independent.ie/business/world/uschina-talks-plan-lifts-european-shares-37224638.html
    https://www.independent.ie/incoming/article37224339.ece/4580d/AUTOCROP/h342/traders.jpg

  • Email

European stocks rebounded after Beijing announced that it would conduct trade negotiations with the U.S. this month, boosting risk appetite recovery, although Italian shares fell sharply, as Atlantia plunged.

In Europe, the stoxx 600 was up 0.46 PC at the end, slightly recovering from losses on Wednesday, which took him to six-week low, as it was included in the emerging markets territory of the bear.

Index Italy’s FTSE MiB fell slid 1.8 PC to its lowest level since April of 2017, and the shares of highway operator Atlantia to have fallen 22pc.

The Italian government said it plans strip block the route the group to the concession highway, and greater penalties after the deadly collapse of a highway bridge in Genoa.

Said the Atlantia shareholders and bondholders can be hurt and the stock had the biggest drop in sometime when it was opened after a 50-minute delay.

The Italian market was closed on Wednesday, so was catching up with Tuesday’s falls and political news.

“The market today is quite elastic, given the falls we yesterday the stock market closed, and quite violent moves in the bond markets,” said Rory MacPherson, investment Director at Psigma investment management.

“The fear is that the Italian coalition has put forward a budget program, which is weaker than the European Commission would like to dig your heels in,” he added.

Overall index iseq Ireland grew by 0.8 PC 6,672.08.

Gainers included CRH, which advanced nearly 2pc to €28.38, while the hotel group Dalata were 2.6 PC higher at €7.02. Among the fallers was ferry group Irish continental, which fell by 3.2 PC. Kern homes fell 1.6 PC to €1.54.

In the UK the FTSE-100 was 0.78 PC higher, while the German DAX was up 0.61 PC.

Online Business Classes