European stocks tack on as bank shares lead gains

European stocks tack on as bank shares lead gains

On Monday, European stocks rallied in quiet trading, with bank shares leading the gains because China-US trade optimism as well as firm Chinese economic data soothed some fears over the global economy.

Eventually, the pan-European STOXX 600 index jumped by 0.1%, keeping to eight-month maximums. The banks-heavy Spanish and Italian indices led the profits.

As for Asian stocks, they started the week with an upbeat tone after American Treasury Secretary Steven Mnuchin told on Saturday that he hoped that China and America were close to the final round of trade talks.

Compass Group turned out to be amidst the biggest weights on London's blue-chip index due to the fact Barclays had stocks of the world's largest caterer t downgraded to "equal-weight".

London-listed stocks of Rio Tinto put pressure on basic resources sector. In addition to this, the mining major revealed plans to pump an extra $302 million to develop its Resolution copper project in the American state of Arizona because it’s about to expands output just to meet the flourishing market for new energy cars.

Publicis headed north by 3.4% even as the French advertising group told it would shell out $4.4 billion to buy Alliance Data's Epsilon marketing unit, expanding its North American footprint and digital business.

Among top-notch gainers was Norsk Hydro that rallied by 4.7% because the company's alumina refinery in Brazil, Alunorte as well as Brazilian public prosecutors both petitioned a federal court with the aim of lifting a production embargo.

Besides this, Daimler went down on a report that the German motor vehicle authority KBA was probing the carmaker on suspicion that up to 60,000 Mercedes vehicles were fitted with software to trick emissions tests.

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera