European shares up on hopes about US-China trade war
Italy’s political drama seems to be resolved but there are still global recession worries and the return of emerging-market risk due to Argentina
29 August 2019 - 12:44
London — Signs that Italy’s latest political drama is over and hopeful noises from Beijing in the trade war pushed Europe’s share markets higher on Thursday and paused the relentless steamrollering of global bond yields.
There was still plenty for bearish investors to chew on, however: a sudden rush from Argentina to restructure its debt thrust emerging-market risk back into the spotlight; global recession worries simmered; and the pound was groggy after another Brexit-related tumble...
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