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European stocks near record highs, Italy outperforms | Malay Mail

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LONDON, Dec 20 — European stocks rose today, as Italian shares outperformed on positive company updates, although trading volumes thinned going into the Christmas holiday. The pan-European STOXX 600 rose 0.2 per cent, on course to gain for a second week and about 1 per cent below record highs....

The display board of the DAX in Frankfurt September 5, 2018. — AFP pic

That followed record-setting gains for Wall Street yesterday after US Treasury Secretary Steven Mnuchin said an initial US-China trade deal would be signed in early January. Payments group Nexi gained 0.7 per cent after Intesa SanPaolo said it was selling its retailers’ payment business to Nexi in a €1 billion deal.London’s exporter-heavy FTSE 100 was flat as the pound recovered after a tumultuous run on fears of a hard Brexit.

 

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