European shares take heart from Powell testimony as earnings flow in
MILAN/LONDON (Reuters) - European shares rose on Tuesday in a choppy session, as stocks were buoyed by upbeat comments in Federal Reserve Chairman Jerome Powell's testimony amid a batch of mixed company updates. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 20, 2018. Powell's testimony sent the dollar higher, putting pressure on the euro, which in turn helped the German exporter-heavy DAX index .GDAXI to outperform. "Currency weaknesses are resulting in outperformance for European indices against their U.S. counterparts," Joshua Mahony, market analyst at IG, said. Italian TV group Mediaset (MS.MI) added 3.5 percent after it made a joint bid for tower company EI Towers (EIT.MI).referring to
collected by :Ros Roger