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Banks lead European stocks higher
15/8/2017 1:06 am
LONDON (
Reuters) - European shares rose in early trade on Monday after geopolitical tensions pushed the worst weekly loss of the year last week.
The STOXX 600 index of European shares rose 0.7 percent, while the Euro-zone stock index and the Stoxx 50 index of major stocks rose 0.9 percent. Tensions between the United States and North Korea led European indexes to suffer their worst losses this year, down 2.7 percent this week.
The banking sector, the worst performing sector last week, led gains, rising 1.4 percent as Deutsche Bank, Commerzbank and Standard Chartered rose 2.5 to 2.7 percent.
Shares in the German energy group RWE jumped 3 percent to top the gainers on the Stokes index after the group said: It aims to maximize its 2017 earnings forecast, with first-half results receiving support from better gas station performance. RWE's utilities sector leads this year, rising 60 percent since January.
Danone shares gained 2 percent after the New York Post speculated that the company might be the target of an acquisition offer. A company spokeswoman declined to comment on the report.
Shares in Fiat Chrysler rose 3.5 percent to top the auto sector. France's CAC 40 <.FCHI> was up 0.8 percent, the British Financial Times 100 percent and Germany's DAX 0.96 percent. A company spokeswoman declined to comment on the report. Shares in Fiat Chrysler rose 3.5 percent to top the auto sector. France's CAC 40 <.FCHI> was up 0.8 percent, the British Financial Times 100 percent and Germany's DAX 0.96 percent. A company spokeswoman declined to comment on the report. Shares in Fiat Chrysler rose 3.5 percent to top the auto sector.
France's CAC 40 <.FCHI> was up 0.8 percent, the British Financial Times 100 percent and Germany's DAX 0.96 percent.
http://www.alsabaah.iq/ArticleShow.aspx?ID=142647
15/8/2017 1:06 am
LONDON (
Reuters) - European shares rose in early trade on Monday after geopolitical tensions pushed the worst weekly loss of the year last week.
The STOXX 600 index of European shares rose 0.7 percent, while the Euro-zone stock index and the Stoxx 50 index of major stocks rose 0.9 percent. Tensions between the United States and North Korea led European indexes to suffer their worst losses this year, down 2.7 percent this week.
The banking sector, the worst performing sector last week, led gains, rising 1.4 percent as Deutsche Bank, Commerzbank and Standard Chartered rose 2.5 to 2.7 percent.
Shares in the German energy group RWE jumped 3 percent to top the gainers on the Stokes index after the group said: It aims to maximize its 2017 earnings forecast, with first-half results receiving support from better gas station performance. RWE's utilities sector leads this year, rising 60 percent since January.
Danone shares gained 2 percent after the New York Post speculated that the company might be the target of an acquisition offer. A company spokeswoman declined to comment on the report.
Shares in Fiat Chrysler rose 3.5 percent to top the auto sector. France's CAC 40 <.FCHI> was up 0.8 percent, the British Financial Times 100 percent and Germany's DAX 0.96 percent. A company spokeswoman declined to comment on the report. Shares in Fiat Chrysler rose 3.5 percent to top the auto sector. France's CAC 40 <.FCHI> was up 0.8 percent, the British Financial Times 100 percent and Germany's DAX 0.96 percent. A company spokeswoman declined to comment on the report. Shares in Fiat Chrysler rose 3.5 percent to top the auto sector.
France's CAC 40 <.FCHI> was up 0.8 percent, the British Financial Times 100 percent and Germany's DAX 0.96 percent.
http://www.alsabaah.iq/ArticleShow.aspx?ID=142647
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