European shares up on election results and car merger talk

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

United States News News

Markets were buoyed by pro-European parties staying in power, and confirmation of Fiat Chrysler’s merger proposal to Renault

A Renault logo is seen outside a dealership in Nice, France. Picture: REUTERS

The pan-European STOXX 600 added 0.4% with all major European indices in the black, although trading volumes were thin with markets in the US and UK closed for market holidays. Investors had been worried about eurosceptic parties gaining a 30% vote share — the level at which they could seriously disrupt European governance and the region’s ability to show unity in addressing key concerns like a global trade war.But while far-right, nationalist or anti-EU groups came out on top in Italy, Britain, France and Poland, they failed to alter dramatically the balance of pro-European power in the EU assembly.

European government bond markets were little moved with the spread between the German 10-year bond yield, considered one of the world’s safest assets, and the Italian 10-year government bond yield little moved after initially narrowing. Escalating trade tensions between the US and China have rattled investors in recent weeks, pressuring stocks lower just as concerns build about weakening momentum in the world’s largest economies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Union wants to untie AVI-Green Cross merger over job cutsSactwu tells the Competition Commission that commitments made before the takeover have been broken
Source: BDliveSA - 🏆 12. / 63 Read more »

Union wants to untie AVI-Green Cross merger over job cutsSactwu tells the Competition Commission that commitments made before the takeover have been broken
Source: BDliveSA - 🏆 12. / 63 Read more »

US telecoms regulator chair backs T-Mobile, Sprint mergerParties will require changes to proposed $26bn merger
Source: BDliveSA - 🏆 12. / 63 Read more »