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Sept 1 (Reuters) - European shares opened higher on Tuesday
after clocking small gains in August, but sentiment was shaky
ahead of key economic readings that are likely to indicate an
uneven recovery from the coronavirus.
The pan-European STOXX 600 index .STOXX rose 0.4% in early
trade, taking some support from better-than-expected Chinese
manufacturing data. China-sensitive sectors such as basic resources .SXPP and
automobiles .SXAP rose about 0.6% and 0.4%, respectively.
Markets were awaiting local manufacturing and inflation
readings for August. Both data sets are expected to show a
slight decline from the prior month.
In corporate news, Telecom Italia TLIT.MI rose 1.5% after
its board approved a sale of a minority stake in its last-mile
grid to U.S. investment firm KKR KKR.N , while endorsing a
government plan to create a single ultrafast network with rival
Open Fiber.