European shares rise on positive earnings, Italy outperforms ...Middle East

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European shares rose on Wednesday as focus remained on a busy day of earnings, with Italian shares outperforming after President Sergio Mattarella looked set to ask former European Central Bank chief Mario Draghi to form a government. Milan's FTSE MIB index jumped 2.2%, while Italy's 10-year bond yield tumbled to its lowest in two weeks as Mattarella summoned Draghi for talks at 1100 GMT after hearing that efforts to salvage the collapsed coalition of Prime Minister Giuseppe Conte had failed.

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