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Stock impact report

European shares rebound helped by financials; WPP down [Reuters]

WPP plc American Depositary Shares (WPP) 
US:NYSE Investor Relations: wpp.com/wpp/investor/financialnews
Company Research Source: Reuters
European shares rebound helped by financials; WPP down | Reuters 2 Min Read MILAN (Reuters) - European shares rebounded in morning trading on Tuesday following a late rally in Chinese stocks, although investors were likely to remain cautious due to worries over new U.S. tariffs. Financials were the biggest gainers, supported by strength among some Italian banks after top figures from the government appeared to play down the chances that the country’s 2019 budget would break European Union spending rules. Their gains helped lift the pan-European STOXX 600 index 0.16 percent by 0722 GMT, while other European benchmarks were also slightly higher. The FSTE .FTSE added 0.12 percent. Among banks, Italy’s UBI Banca ( UBI.MI ) led the gainers, rising 4.3 percent. Danske Bank’s ( DABA.CO ) woes however weighed on its shares, which were down more than 4 percent following a report suggesting its Estonian branch handled $30 billion of non-residents’ money in 2013. WPP ( WPP.L ) was the bigg Show less Read more
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