Europe stocks advance as traders return to Italian equities

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Europe stocks trade higher on Wednesday, with traders bidding higher risky assets in early action.

After losing ground on Tuesday amid political upheaval in Italy, the Stoxx Europe 600












SXXP, +0.46%










 rose 0.46% to 373.00, led by oil giants including BP












BP, +0.80%










  and Total












FP, +0.72%










 . Banks












SX7E, +0.53%










  also gained ground.

Italy’s FTSE MIB












I945, +1.17%










 , up about 12% for the year, rose 0.77% to 20643.95 as the nation waits for Italian President Sergio Mattarella to decide whether to hold fresh elections after the resignation of Prime Minister Giuseppe Conte on Tuesday.

The German DAX












DAX, +0.43%










 added 0.37% to 11694.15, the French CAC 40












PX1, +0.65%










 gained 0.61% to 5377.37 and the U.K. FTSE 100












UKX, +0.40%










 rose 0.4% to 7153.61.

Markets were awaiting fresh data on U.S. existing home sales, and after the European close, the release of minutes from the last Fed meeting.

After a 173-point drop in the Dow Jones Industrial Average












DJIA, -0.66%










  on Tuesday, U.S. stock futures












ES00, +0.46%










 were higher.

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