Key EU indexes tack on

Key EU indexes tack on

On Monday, European markets ascended amid corporate news about potential mergers as well as acquisitions.

The European index Stoxx 600 went up by 0.5% during the morning trading session, with all sectors as well as large exchanges concluding up.

Equities of energy companies in the European Union spearheaded surge, adding 2%. Severn Trent, Italgas and Iberdrola turned out the best performers in the sector, demonstrating a 3% leap.

At the same time the regional banking index attracted tons of attention after a week of political downtime in Spain and Italy. EU financial institutions soared 1% after the Financial Times informed that the French bank Societe Generale as well as the Italian rival Unicredit are considering the likelihood of a merger.

As for individual equities, the French airline Air France KLM got to the top of the EU index after on Sunday AccorHotels told that it’s considering purchasing a stake in the company. As AccorHotels informed, it earlier conducted talks with Air France on the likelihood of developing joint projects. As a matter of fact, Air France's shares went up over 7%, while AccorHotel dived to the bottom of the index- declining nearly 6%.

In Great Britian, on Sunday, Clydesdale and Yorkshire Bank told that it raised its offer to purchase a competing financial institution Virgin Money. Apparently, the given deal will generate the sixth largest lender in Great Britain.

Moreover, among the member states of the European block, in Slovenia preliminary results disclosed that the anti-immigration party managed to win the parliamentary elections that took place on Sunday.

Angela Merkel, German Chancellor commented on the situation in the EU in a recent interview, which showed up on Sunday. So, the key German statesman backed the call of Emmanuel Macron, its French colleague to solidarity within the EU.  

 

 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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

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