European shares steady after steep sell-off

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European shares: European shares steady after steep sell-off - The TheIndianSubcontinentNever miss a great news story!Get instant
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Mutual Funds, Bonds - MoreMarkets in Italy, Austria and Greece were shut for a public holiday
Reuters|Aug 15, 2019, 01.01 PM ISTGetty ImagesLondon's FTSE 100 index was the only major index in the red with oil majors leading declines
as crude prices slumped.European shares edged higher on Thursday, after a brutal sell-off was fueled by global recessionary fears, but
investors were hoping central banks would step in to ease monetary policy and soothe markets. The pan-European STOXX 600 index rose 0.2 per
cent by 0710 GMT, gaining some ground after dropping to near six-month lows hit in the previous session. London's FTSE 100 index was the
only major index in the red with oil majors leading declines as crude prices slumped. In earnings news, strong numbers from beer maker
Carlsberg and shipping group A.P
Moller-Maersk pushed shares of both Danish companies higher. Drillisch and United Internet slid lower, after the German telecom firms cut
their profit outlook. Markets in Italy, Austria and Greece were shut for a public holiday
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