Fiat-Renault deal hopes lift European shares
(For a live blog on European stocks, type LIVE/ in an Eikon
Aug 21 (Reuters) - European shares rebounded from the
previous session's sharp falls on Wednesday, with brokers
pointing to an Italian report on continuing merger talks between
Fiat Chrysler Automobiles and Renault SA as
pushing car industry shares higher.
The pan-European STOXX 600 index rose 0.5% at 0716
GMT, with Italy's FTSE MIB rebounding from a drop in
the previous session amid a deepening Italian political crisis.
Milan shares rose 0.89% and its banking index
gained 0.96%. Shares in Renault and Fiat both rose around 1.7%.
Italian prime minister Giuseppe Conte resigned on Tuesday,
potentially paving the way for a new coalition government.
Capita Plc rose 4.3% to the top of the STOXX 600
index, after brokerage Goldman Sachs upgraded its shares to
(Reporting by Shreyashi Sanyal and Amy Caren Daniel in
Bengaluru; editing by Patrick Graham)
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