Morning in brief: Shares rise on Italian auction, US says China is not manipulating currency

Italy sees its borrowing costs fall at its latest debt auction, while train maker Bombardier secures a multi-million-pound contract.

Markets

European stocks rise on the news that Italy has seen its borrowing costs drop at an auction of 179-day bills, according to Bloomberg.

Companies

Derby-based train manufacturer Bombardier wins a £188m contract to build 130 carriages for rail firm Southern, the BBC reports.

International

European banks place a record near-€412 billion in the European Central Bank’s deposit facility over the Christmas period, says the Financial Times. This comes despite the central bank’s recent efforts to boost liquidity in the banking sector.

The US Treasury’s semi-annual report avoids calling China a currency manipulator while calling for faster progress on exchange reform and chiding Japan for intervening in currency markets, according to Reuters.

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