European shares gained for the fifth day on Tuesday, bolstered by bank and retai...
- European shares gained for the fifth day on Tuesday, bolstered by bank and retails stocks while data out of China added to hopes of stabilization in the world’s second-largest economy.
Also encouraging investors was a ZEW survey showing the mood among German investors improved in April, as the growth outlook for Europe’s largest economy brightened amid a resilient global economy and a delay to Britain’s departure from the EU. Big Wall street banks Goldman Sachs and Citigroup reported disappointing revenue estimates on Monday, sending their shares lower. Still, both lenders beat quarterly profit estimates.
Italy’s top bank, UniCredit SpA, gained after it and two subsidiaries agreed to pay $1.3 billion to U.S. authorities to settle investigations of violations of U.S. sanctions on Iran and other countries. Italian utility Ascopiave rose after A2A and other utilities made a joint non-binding bid for its assets.
Oil stocks including BP, Total and Royal Dutch Shell were the biggest weights on the STOXX 600, tracking declining crude prices.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
How to fix Europe’s lendersFew European banks have cut costs and modernised their computer systems. That is why they are so unprofitable
और पढो »
UBS chairman: Europe is running out of economic policy options to boost growth'We're a bit skeptical about the ability of Europe to use stimulus to come out of this,' said UBS Chairman Axel Weber.
और पढो »
Banking newbies set to shake up Asia's finances - Reuters TVIn Asia, it’s the region’s biggest tech giants that are challenging high street banks, to a degree not seen in Europe or the United States.
और पढो »
European shares edge lower as Unicredit, Banco Santander fallEuropean shares ticked lower on Friday, dragged down by banks, while lingering w...
और पढो »
European Central Bank holds interest rates amid gloomy economic outlookThe ECB held interest rates steady on Wednesday, shortly after the IMF sharply downgraded its growth forecast for the euro zone economy.
और पढो »
Can European banks be saved by a fresh round of deal making?The comparisons with U.S. peers just got a lot harder for European banks after a strong showing from J.P. Morgan to kick off earnings season, but could there be fresh revenue on the way for European investment banks?
और पढो »
Rising gasoline, rents boost U.S. consumer prices in MarchU.S. consumer prices increased by the most in 14 months in March, but underlying...
और पढो »
Advertising group Publicis' shares boosted by $4.4 billion Epsilon dealPublicis' shares rose on Monday as analysts welcomed the French advertising...
और पढो »
Citigroup profit beats on investment banking boostCitigroup Inc reported higher-than-expected earnings on Monday despite declining...
और पढो »