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European shares hit record high on drop in new virus cases, hopes of China stimulusDialog Semiconductor, STMicroelectronics and AMS AG, were among the top performers on the day.- Timing is still not quite right for Italian banking mergersRegulators have been advocating consolidation, given the necessity to continue reducing costs and improving margins.
- Italian stocks lead Europe in recovery driven by banks, technologyThe pan-European STOXX 600 managed a 0.2 per cent gain by 0830 GMT.
- Italian stocks, banks lead Europe as budget deficit fears quelledItaly's FTSE MIB outperformed, up 1.4 per cent.
- Italian stocks, banks bruised by report Italy budget meeting may be delayedWeak results and broker notes caused some sharp moves lower.
- European shares rebound helped by financials; WPP downScor rose 7.3 per cent after the French re-insurer rejected a friendly takeover offer by Covea.
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