European stocks close little changed as Italy woes linger

European stocks closed little changed Wednesday, with trade greatly impacted by concerns over fiscal spending in Italy.

The pan-European Stoxx 600 closed little changed at 386.880 with sectors and major bourses mixed.

Italy’s FTSE MIB, which was under pressure Tuesday, recovered on Wednesday, rising 0.26 percent. New Italian Prime Minister Giuseppe Conte presented his coalition’s plans to crackdown on immigration and up welfare spending while cutting taxes on Tuesday.

In stocks news, the media company Schibsted was up by 4.5 percent after a rating upgrade. And WH Smith rose to the top of the index, with shares up by almost 7.5 percent after reporting a 4 percent increase in sales in the 13-weeks to June 2. Growth in its travel business helped to offset a decline in high-street sales.

Overall market sentiment was influenced by politics but also comments from central bankers.

Source: Reuters

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Asia Stocks Little Changed as Investors Weigh Trade Tensions

Asian equities were little changed after setting the pace for MondayA?a��a�?s global rally as investors seek new catalysts and monitor developments of the dispute between the U.S. and its trading partners.

The MSCI Asia Pacific Index traded less than 0.1 percent higher at 174.56 as of 4:52 p.m. in Hong Kong, after rising 1.4 percent on Monday. Energy and health-care stocks led a decline among industry groups, while telecommunication shares gained. JapanA?a��a�?s Topix closed little changed, paring earlier gains.

Source : Bloomberg

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Stock market opens little changed as investors brace for Fed

U.S. stock-indexes traded slightly weaker at the open on Wednesday, with traders hesitant to make any big moves ahead of the end of an important policy update from the Federal Reserve due at 2 p.m. Eastern Time. The Fed is widely expected to deliver a rate rise, and its forecasts could give investors clues to the pace of future increases.

The Dow Jones Industrial Average was trading flat at 24,727, the S&P 500 index retreated about 2 points or less than 0.1% at 2,715. The technology-laden Nasdaq Composite Index declined 12 points, or 0.1, at 7,354.

Meanwhile, Facebook Inc. was trading lower, down 1.5%, for a third straight day amid mounting concerns about how the social network has managed user data. The co-founder of WhatsApp, Brian Acton, said late Tuesday it was now time to delete Facebook because of its failures to guard user information. Facebook has shed about $ 50 billion in market value this week alone.

Source : Marketwatch

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