Fiat-Renault deal hints lift European shares

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Car industry shares drove a rebound in European stock markets on Wednesday, help...

) added 2% after Italian newspaper Il Sole 24 Ore suggested the previously-aborted deal could be back on the table, while giving no details of its sources.Italy's FTSE MIBmoved 1.4% higher, bouncing back from a drop in the previous session amid a deepening Italian political crisis.

“The fact that Italy is looking into budget negotiations so that they can submit the budget on time is partly helping sentiment.” Signs that governments and central banks are ready to step in with additional measure to boost cooling global growth have helped stock markets survive a volatile few months, but they are still on course to end August lower.

 

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