London — European stocks edged higher on Monday, shrugging off the weekend’s fractious G7 meeting as investors looked forward to an event-packed week, while receding tensions in Italy nudged the euro towards a recent three-week high. President Donald Trump’s rejection of a previously signed communiqué separates the US from its traditional global economic allies and underlines trade tensions, though markets have taken the news as yet another theatrical gesture by the US administration. If anything, markets believe the G7 summit might force policymakers to adopt a cautious stance as two of the world’s top central banks — the US Federal Reserve and the European Central Bank (ECB) — are set to tighten policy this week. "Though the latest headlines are definitely not positive for global trade, risk appetite is broadly firm across the board as investors are of the view it might force the ECB and the Fed to take a cautious approach," said Neil Mellor, a senior currency strategist at BNY Me...
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