European stocks climb as Italy tensions ease for now

European stocks moved higher on Tuesday, with Italy remaining in focus as the country’s president considered the candidate put forward by a euroskeptic alliance to lead their coalition government.

The Stoxx Europe 600 index rose 0.3% to end at 396.94, its highest close since Jan. 29, according to FactSet data.

Italy’s FTSE MIB index moved 0.5% higher to 23,216.57, rebounding after falling 1.5% over the previous two trading sessions. The volatile trade in Italy came as the country’s two biggest antiestablishment parties continued their push to form a governing coalition, which some fear could plunge Italy into a sovereign debt crisis.

In Germany, the DAX 30 index added 0.7% to 13,169.92. The German market was closed on Monday in observance of Whit Monday.

France’s CAC 40 index ended 0.1% higher at 5,640.10 on Tuesday, while the U.K.’s FTSE 100 index added 0.2% to score a record close at 7,877.45 .

Italian politics remained in focus after the leaders of the 5 Star Movement and League on Monday evening presented their prime minister candidate to President Sergio Mattarella. Their choice, little-known political novice and academic Giuseppe Conte, is said to concern Mattarella, and the president has yet to give Conte the go-ahead.

Source: Marketwatch

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European Markets Open Slightly Higher as Investors Monitor Earnings

European markets opened slightly higher Tuesday morning, as investors continued to monitor fresh corporate earnings.

The pan-European Stoxx 600 edged up 0.15 percent at 396.31 shortly after the opening bell, with most sectors and major bourses in positive territory.

In Asia, equities stumbled as a strong dollar appeared to sap demand from emerging market assets. MSCI’s broadest index of Asia-Pacific shares, excluding Japan, was little changed from the previous session on Tuesday.

Source : CNBC

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European stocks score 4-month closing high, but Italy dents gain

European stocks scored an almost four-month closing high on Monday, after an easing in U.S.-China tensions fueled hopes a trade war between the world’s two largest economies can be averted.

But a slump in stocks in Italy proved a drag, as an antiestablishment, euroskeptic coalition made progress in forming a new government.

The Stoxx Europe 600 index climbed 0.3% to close at 395.87, nudging its highest close since Jan. 30, according to FactSet data.

Italy’s FTSE MIB index underperformed the rest of the region, falling 1.5% to 23,092.38. The move came as news reports said the 5 Star Movement and the League were ready to present their prime minister candidate.

The U.K.’s FTSE 100 index climbed 1% to 7,859.17, logging a record closing high.

France’s CAC 40 index rose 0.4% to 5,637.51. Germany’s stock market was closed for Whit Monday.

The euro fell to $ 1.1760 from $ 1.1771 from on Friday. The pound fell to $ 1.3412 and traded around its lowest level since late December.

Traders in Europe were weighing the encouraging news in the U.S.-China trade spat against concerns over political developments in Italy.

Source: Marketwatch

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