August 20, 2018 / 7:58 AM / a year ago

European shares gain on optimism over U.S./China trade row

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LONDON, Aug 20 (Reuters) - Hopes that the United States and China might find a compromise to resolve their trade dispute lifted European shares on Monday, while Turkey’s currency crisis showed no immediate sign of worsening.

At 0712 GMT, the pan-European STOXX 600 was up 0.25 percent at 382.01 points, with most markets across the continent gaining.

British software group Sage posted the worst performance, down 6.6 percent after a rating downgrade of its stock by Deutsche Bank, two traders said.

Shares in British contractor G4S fell close to 2 percent after the British government took over running a prison after an inspection found it had fallen into a “state of crisis” .

While the second-quarter earnings season nears its end, NMC Health rose 3.2 percent, at the top of the STOXX index, after publishing a trading update. (Julien Ponthus and Helen Reid, editing by Larry King)

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