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European stocks hover below record highs, Italy outperforms

Published 20/12/2019, 09:34
© Reuters.  European stocks hover below record highs, Italy outperforms
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(For a live blog on European stocks, type LIVE/ in an Eikon

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LONDON, Dec 20 (Reuters) - European stocks were made tiny

moves on Friday as trading volumes thinned into Christmas,

although Italian shares outperformed on some positive company

updates.

The STOXX 600 .STOXX rose just 0.1% by 0824 GMT, still on

course to end a second week with gains and trading about 1

percent below all-time highs.

That followed record-setting gains on Wall Street after U.S.

Treasury Secretary Steven Mnuchin said an initial U.S.-China

trade deal would be signed in early January.

European stocks have been less bullish this week amid fresh

concerns over a no-deal Brexit.

While other regional indexes were flat flat, Milan-listed

shares .FTMIB gained 0.7%, led by payments group Nexi

NEXII.MI , which rose 2.8% after Intesa SanPaolo ISP.MI said

it was selling its retailers' payment business to Nexi in a 1

billion euro ($1.1 billion) deal. Other big movers include Royal Dutch Shell RDSa.L , which

slipped 0.8% after saying it expects impairment charges of up to

$2.3 billion in the fourth quarter and trimmed its forecast for

quarterly oil production sales. Final reading of UK's third quarter GDP, eurozone consumer

confidence numbers are due for release later in the day.

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