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European shares rebound from worst day in nearly four months

Published 28/01/2020, 09:23
© Reuters.  European shares rebound from worst day in nearly four months
LVMH
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AIR
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PRTP
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BRBY
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STOXX
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MONC
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SXTP
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Jan 28 (Reuters) - European stocks rose on Tuesday, after

posting their worst day in about four months in the previous

session on concerns about the potential impact on businesses

from the coronavirus outbreak.

The pan-European STOXX 600 index .STOXX was up 0.3% at

0807 GMT. Airbus AIR.PA was the biggest boost to the benchmark

index, after saying it had agreed to reach a settlement with

French, British and U.S. authorities regarding a probe into

allegations of bribery and corruption. Luxury goods makers Burberry Group Plc BRBY.L , LVMH

LVMH.PA , Gucci owner Kering PRTP.PA and Moncler SpA

MONC.MI , rose between 0.4% and 0.6%. The stocks were among the

worst hit on Monday, when the wider benchmark index slid more

than 2%.

The travel and leisure subsector .SXTP gained 0.2%, after

tumbling to its lowest level in nearly seven weeks in the

previous session on travel restrictions.

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