- European shares fell on Friday as worries about the stability of Italy’s government and ongoing Sino-U.S. trade tensions rattled investors, but gains in healthcare stocks limited losses.
Italy holds Europe’s second-largest sovereign debt burden after Greece and the latest uncertainty adds to its fiscal woes as it struggles to rein in its public deficit and a mammoth mountain of debt. Also weighing on risk appetite was a Bloomberg report, which said that Washington is delaying a decision about licenses for U.S. firms to restart trade with Huawei Technologies [HWT.UL], making investors nervous about a ramp-up of bickering in the ongoing trade dispute.
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