In European Equity Markets the pan-European Stoxx 600 closed up 0.31 percent, with most sectors turning positive by the close. The U.K.’s FTSE 100 under-performed fellow bourses, off 0.71 percent as Brexit turmoil resurfaced. Other indexes finished on a positive note, with France’s CAC 40 rising 0.30 percent and Germany’s DAX rose 0.27 percent. Europe’s media stocks were some of the top performers Wednesday, finishing up 0.48 percent as a sector. Italian luxury sports car-maker Ferrari jumped close to the top of the pan-European benchmark after HSBC upgraded the stock to “buy” from “hold.” It was the STOXX 600’s second best performer, jumping over 4 percent.

In Currency Markets the US dollar rose against most currencies on Wednesday especially those in emerging markets, as optimism over a U.S.-Mexico trade deal gave way to concern that a conflict over trade between Washington and Beijing was not about to end soon. But on Wednesday the dollar rose 0.2 percent against the yen to 111. 48 yen. It was higher against the Australian and New Zealand dollars, up 0.6 percent and 0.2 percent respectively. The greenback was also supported overall by data showing U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years.

In Commodities Markets oil prices rose on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories. Benchmark Brent crude oil was up 50 cents at $76.45 a barrel. U.S. light crude was 60 cents higher at $69.13 a barrel. U.S. crude inventories rose by 38,000 barrels to 405.7 million barrels in the week to Aug. 24, the American Petroleum Institute said on Tuesday. Official U.S. fuel inventory and crude production data was due to be published later on Wednesday by the Energy Information Administration (EIA).

In US Equity Markets indices were flat on Wednesday, helped by technology stocks, though gains were limited as investors awaited progress on U.S.-Canada trade talks and eyed a deadline for consultations on the next round of China-U.S. tariffs. Helping the market was Amazon.com’s 1.4 percent jump and Alphabet’s 1.1 percent gain after Morgan Stanley raised its price target on both stocks to become the most bullish Wall Street brokerage on the so-called FANG members. The technology sector was up 0.44 percent, the most among the 11 major S&P sectors, while trade-sensitive industrials was flat.

In Bond Markets Italian government bond yields fell on Wednesday, with analysts citing a La Stampa article saying that Italy may try to secure help from the European Central Bank. The newspaper said the government was worried by what might happen in September when it unveils new public spending targets. Two-year yields were last down 10 basis points (bps) at 1.19 percent. Ten-year yields fell 5 bps to 3.13 percent, narrowing the gap over German Bund yields to 272 bps from 280 bps late on Tuesday. Outside Italy, bond yields were higher. Germany’s 10-year bond yield hit a three-week high at 0.41 percent.