European shares eye four-month high, Italy sell-off relents

A pause in the dollar's recent rally also meant respite for some battered emerging markets -- though still not Turkey -- while signs of better U.S. and China trade relations had Wall Street futures pointing higher. "Who will be the next finance minister in Italy, that is the question in the market at the moment," said Rabobank's head of macro strategy Elwin de Groot. Italy's main bourse also outperformed as the news flow eased.

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