World Shares Hit 5-Month High; European Shares, Dollar Falter

World News - Today

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LONDON—European shares fell after opening greater, following a combined bag of earnings results, while the greenback's rebound stalled as buyers waited for progress in talks on government help in america. Robust U.S. manufacturing knowledge boosted sentiment by way of the Asian session, whilst Sino-U.S. relations took a turn for the more severe. An business gauge launched in a single day indicated U.S. manufacturing activity expanded in July on the fastest pace in more than a yr, although hiring remained subdued. After a rally on Monday, European shares opened greater but then fell, with the pan-European STOXX 600 down 0.6 % and London's FTSE 100 down 0.7 % . Disappointing earnings stories from the world's largest spirits maker, Diageo Plc, and German medicine and pesticides group Bayer took the shine off growth-linked cyclical shares. Shares in BP jumped after it minimize its dividend and posted a document loss that was consistent with expectations. ...