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Italy's stocks gain and trade comments buoy Europe's shares

European stocks closed in the green the prior day, amid expectations of ECB’s stimulus measures to boost inflation and after Sino-U.S. trade friction eased as political stability came back to Italy after Giuseppe Conte accepted President Sergio Mattarella mandate to form a new government.

Germany’s inflation data occured to be lower-than-expected at 1.4 percent in August, being below the ECB’s target. Meantime the Chinese Ministry of Commerce announced that Beijing would not respond on new tariffs on China’s goods, as its side was more interested in trade talks resumption.

The pan-European Stoxx Europe 600 index jumped by 1.04 percent, to 376.74 on Thursday.

The UK’s FTSE 100 grew by 0.98 percent, to 7,184, the French CAC 40 added 1.51 percent, to 5.449, the German DAX rose by 1.18 percent, to 11,838, Spain’s IBEX 35 advanced 0.54 percent, to 8.794 and Italy’s FTSE MIB was the growth leader on Thursday, being up  by 1.94 percent, at 21.398 before the close bell.

Chinese authorities said they would not immediately respond to a new increase wave in duties announced by the Trump’s administration, considering a more important thing to restart negotiations. The U.S. Treasury Secretary said their side was awaiting the arrival of the Chinese delegation in Washington to resume trade negotiations.

Meantime statistics, released on Thursday, showed some improvement in confidence in the EU economy.

The composite index of business and consumer confidence in the EU economy grew from 102.7 in July to 103.1 in August, though analysts had expected 102.3.

The French GDP growth estimate was unexpectedly revised upward.

The French Bouygues SA shares soared by 6.93 percent after company’s strong reports.

Pernod Ricard securities surged by 3.15 percent, on company’s news about increased dividends by a third, and plans to buy back its own shares.

British software producer Micro Focus International shares collapsed by 30.47 percent after the company changed its annual forecast downward.

One should mention those companies, shares of which tended to grow on Thursday: CNH Industrial (+9.43), Smiths (+5.84), Ashtead Group (+5.44), Indra Sistemas (+4.95), Prysmian (+4.92), ArcelorMittal (+4.73), Poste Italiane (+4.45),  Thyssenkrupp (+4.18), Infineon Technologie (+3.79), Glencore (+3.62), Stmicroelectronics (+3.62), Airbus (+3.55), Telecom Italia (+3.47), Rio Tinto (+3.21), Finecobank (+3.17), UniCredit (+2.85), IAG (+2.69), etc.

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