European shares rose after a weak open on Thursday, boosted by a rally in Italia...
- European shares rose after a weak open on Thursday, boosted by a rally in Italian shares, with positive comments from China on its trade talks with the United States helping sentiment.
China’s Commerce Ministry said both sides “should create conditions” for progress in negotiations and that China was against escalating the trade war and was willing to resolve the issue calmly. The gains in markets were largely broad-based and the benchmark index , which was flat in early trading, rose 0.61% by 0755 GMT.rose 1.33% to hit its highest level since Aug. 2 as President Sergio Mattarella is expected to give two former political enemies, the 5-Star Movement and Democratic Party , a chance to form a new government on Thursday.
“That said, the 5-star Movement and PD notoriously have not had much in common in the past and it remains to be seen whether the coalition will last.”The benchmark European index is on track to end August about 3% lower as an inversion in the U.S. Treasury yield curve showed investors were concerned about economic growth in the face of a trade war that is now in its second year.
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