Financials get EU stocks off to sturdy start

Financials get EU stocks off to sturdy start

On Monday, European shares leapt, with leading banks and utilities, as acquisitions and mergers rumbled on with some broker notes also backing individual stock moves.

The STOXX 600 gained 0.4%, soaring in concert with euro zone shares as well as blue-chips. Meanwhile, strong revenues in banks spurred the benchmarks, while basic resources showed poor performance.

Outside the key blue chips, British midcap construction support services company Carillion managed to grabbed investors’’ attention after a revenue warning and CEO exit sent its stocks dipping almost 40% in heavy volumes.

Carillion stocks appear to be among the most heavily shorted across the British market with hedge funds including Marshall Wace as well as Naya Capital announcing sizeable bearish bets, as FCA disclosure data states.

Meanwhile, Germany's DAX went up 0.6%, maintaining an edge over counterparts after both export as well as import figures were stronger than expected, with a bigger soar in exports contributing to the trade surplus of the EU’s key economy.

Similar

Asian equities rally as American government shutdown is over

On Tuesday, Asian equities managed to soar right after American senators struck a deal to have a three-day government shutdown resolved, thus sending Wall Street's key indexes to record maximums, while the evergreen buck slumped versus the Japanese yen…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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

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