INTERNATIONAL - Car industry shares drove a rebound in European stock markets on Wednesday, helped by an Italian newspaper report suggesting merger talks between Fiat Chrysler and Renault have gained some traction in recent weeks.
Renault SA rose about 3 percent and Fiat Chrysler Automobiles added 2 percent after Italian newspaper Il Sole 24 Ore suggested the previously-aborted deal could be back on the table, while giving no details of its sources.
The pan-European STOXX 600 index rose 0.7 percent at 0818 GMT, with the autos index .SXAP up 1.6 percent.
Italy's FTSE MIB .FTMIB moved 1.4 percent higher, bouncing back from a drop in the previous session amid a deepening Italian political crisis.
Italian prime minister Giuseppe Conte resigned on Tuesday, potentially paving the way for a new coalition government but sentiment was soothed after Italy’s League leader Matteo Salvini said he was ready to keep the coalition government alive to approve a 2020 budget.