"Progress has been made but doubts are creeping if a deal will be reached before another week passes," Edward Moya, a senior market analyst at Oanda wrote in a note.
"This is another positive signal at a time of still considerable uncertainty," said Chris Bailey, European strategist at Raymond James."Conditions are still extremely difficult, and subject to negative revision, but today they have seen a chink of light." UniCredit was down 3.9 per cent as it vowed to stay out of a possible merger wave in Italy after reporting higher than forecast quarterly results.
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Europe: Stocks close higher as commodities shares rally[BENGALURU] Positive earnings reports and a surge in commodities shares lifted European stock markets on Wednesday, but losses in defensive sectors and worries about surging coronavirus cases globally tempered the mood. Read more at The Business Times.
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Europe: Shares lifted by positive earnings reports[BENGALURU] European shares rose on Wednesday, as a batch of positive earnings reports and the huge quantities of stimulus coursing through the financial system again overshadowed concerns about the surge in coronavirus cases in Europe and the United States. Read more at The Business Times.
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