European equities start sideways as profits roll in

European equities start sideways as profits roll in

On Monday, Spanish shares started 1.4% higher, backed by weekend demonstrations for a unified Spain as well as a survey demonstrating a lead for parties opposing Catalan independence.

Meanwhile, broader European shares demonstrated mixed performance.

The STOXX 600 index slid 0.1%, although Spain's IBEX benchmark rallied, led by Caixabank as well as Banco de Sabadell, stocks in which edged up respectively 4.2% and 3.6%.

Spain's state-owned lender Bankia rallied 11%.

In London, stocks in HSBC went down 0.6% notwithstanding a five-fold leap in its quarterly revenues.

Glencore rebounded 1.55 having raised its earnings guidance. Moreover, it reacted to a report telling that it would dare to cancel its secondary listing in Hong Kong because of lack of interest from market participants.

The FTSE 100 went down 0.2% in the beginning of a week, which could see the BoE lift interest rates for first time since 2007.

 

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