Economic news

European shares move higher after the rebound in Italian stocks

Europe’s shares rose during the start of today’s trading, considering the rebound in Italian stocks and robust advance of sectors linked to commodities, with shares in Ocado surging in the wake of signing a partnership agreement by the firm.

The STOXX 600 moved up 0.1% early today, staying at the highest in three and a half months as energy stocks grew, with Italian benchmark increasing over 1% as traders expected the outcome of negotiations on coalition government by two anti-system parties.

Yesterday the country’s stocks had slumped over 2% reacting to a leaked document that suggested the parties were going to seek writing off of Italy’s 250 bln euro debt from ECB.

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