Trade pact lifts European shares while Italy extends slide [Reuters (UK)]
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Source: Reuters
Trade pact lifts European shares while Italy extends slide | Reuters 4 Min Read LONDON (Reuters) - European shares rose on Monday as a new U.S.-Mexico-Canada trade pact lifted some of the gloom over global trade, while Italian stocks extended Friday’s slide as top EU officials weighed in on the government’s budget plans. There was no shortage of corporate news to drive the markets either, with Ryanair taking a 12.5 percent dive after a profit warning, Fresenius boosted by a ruling in its favour, and Linde rising on a regulator’s green light for its merger with Praxair. The euro zone's top stock index .STOXX50E rose 0.4 percent while Germany's trade-sensitive DAX .GDAXI climbed 0.8 percent. “News overnight of a late agreement between the U.S. and Canada to salvage the NAFTA trade agreement should give a boost to global risk appetite at the start of the fourth quarter,” wrote Peel Hunt strategist Ian Williams, adding the deal “may offer encouragement that the other global trade disputes
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