[BENGALURU] European shares finished higher for a third straight day on Friday, with investor sentiment getting a boost from JP Morgan setting a strong start to US earnings and amid signs of stabilisation in China's economy.
Data showed that China's exports rebounded to a five-month high in March, but imports shrank for a fourth straight month and at a faster pace, painting a mixed picture of the economy."The markets seems to have shaken off the negative aspects of the Chinese trade data, but it's a minor rise at the end of a fairly limp week," said Connor Campbell, an analyst at Spreadex.
Italy's biggest bank, UniCredit rose more than 4 per cent even after it said is one of the banks accused of running a cartel in trading euro zone government bonds between 2007 and 2012, when financial crises dragged down banks and several European economies. "In our view, the reluctance to move forward is because actually imposing auto tariffs would be both deeply unpopular and a major shock to the equity markets."
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