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.

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