Europe: Stocks hit two-week high as Trump update lifts global mood

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[BENGALURU] European shares closed at a two-week high on Monday, as positive updates on US President Donald Trump's health, a US stimulus package and a spate of dealmaking activity lifted investor spirits. Read more at The Business Times.

Doctors treating Mr Trump said he could be sent back to the White House as soon as Monday, although outside experts warn that his case may be severe, raising uncertainty about the outcome of the Nov 3 presidential election and a new US fiscal stimulus being debated by lawmakers in Washington.

"Once we get some clarity on the US election, Brexit and vaccine front, I think that's going to be a positive catalyst for market. Telecom stocks rose the most among sectors, with Vodafone up 4.7 per cent after its lenders approved the merger of India's Bharti Infratel and Indus Towers, in which Vodafone has a stake.

Unicaja jumped 15.1 per cent after it confirmed reports that it was in preliminary talks for a potential merger with its peer Liberbank, which surged 13.6 per cent.

 

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