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On Wednesday, European stocks started intact, suppressed by a dip in mining shares and underpinned by a big soar for Ericsson, right after a trader purchased a stake in the telecoms equipment company.
The STOXX 600 index slumped 0.02%, euro zone blue chips gained 0.1%. As for the FTSE, it added 0.2%, underpinned by a weaker sterling that declined after a new survey showed the UK risks a hung parliament following an upcoming June 8 election.
Ericsson went up 4%, thus leading STOXX gainers, right after Cevian Capital purchased a stake of more than 5%, telling it saw considerable potential in the Swedish company.
Cellnex turned to be another strong gainer after a Bloomberg data stressed that American Tower might bid. Additionally, Cellnex revealed that its management didn’t have any contact with American Towers.
Metro found itself the number one loser right after the German retailer posted results demonstrating a loss at its consumer electronics division.
On Wednesday, European equities surged due to the fact that Italian financial institutions rebounded on expectations that Rome could come to a compromise with Brussels over its budget plans…
On Wednesday, Asian equities kept rebounding following a steep dive on Wall Street overnight…
On Tuesday, American futures declined by 1% because a technology rout in the previous trading marathon provoked by fears over iPhone sales affected investors' appetite for high-surge companies…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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