European shares rise, supported by shares of Telecom Italia

The European stock market ended a four-session losing streak, Wednesday, and Telecom Italia shares led the gains, but concerns surround the deteriorating situation of Covid-19 in Europe and the possibility of tight restrictions curbing the market’s rise.
The Stoxx 600 index ended the trading session 0.1% higher, after recording its worst session in nearly two months yesterday, amid a jump in Corona virus infections on the continent and fear of increasing interest rates.
Telecom Italia shares jumped 15.6 percent, pushing the European telecoms index to close 1.2 percent higher, following reports that KKR fund is considering increasing its bid for the company after Vividi, the largest investor in the Italian telecom operator, described the initial offer as too low.
The travel company’s stock index closed down more than 1%, extending its decline for the seventh consecutive session.
The rise in copper prices, with the easing of concerns about Chinese demand, led shares of European mining companies to close 0.2 percent higher, while energy shares rose 0.7 percent after the rise in oil prices.
(Reuters)





These were the details of the news European shares rise, supported by shares of Telecom Italia for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV The withdrawal of “Chinese Uber” from the stock exchange predicts the...
NEXT These are the scenarios for implementing the “SODIC” and “Al Dar”...

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]