(For a live blog on European stocks, type LIVE/ in an Eikonnews window)
Telecom Italia jumped 5 percent after Bloombergreported that activist investor Elliott Management was buildinga stake, in a move to challenge the way top shareholder Vivendiis managing the company.
The pan-European STOXX 600 index was up 0.6 percentin early deals, while
Those worries have dissipated slightly as Trump faces agrowing pushback from political and diplomatic allies as well as
European autos were the best-performing sector onthe day, up 1.4 percent and putting the industry back intopositive territory for the year, along with tech stocks.
Paper and packaging maker Smurfit Kappa jumped 18percent after rejecting an approach from International Paper. Peers DS Smith and Mondi both rosemore than 5 percent.
Earnings weighed on Just Eat, however, which droppedmore than 12 percent and was on track for its worst day onrecord after saying that a planned increase in spending in 2018would hit core earnings.
(Reporting by Kit ReesEditing by Tom Pfeiffer)