Europe: Shares at record high on China tariff cut plans, robust bank results

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 13%
  • Publisher: 51%

Read more at The Business Times.

Singapore Headlines News

Singapore Latest News, Singapore Headlines

Lenders Unicredit, DNB and Nordea Bank all rallied more than 6 per cent after reporting strong quarters. Germany's Deutsche Bank posted its best day in more than eight years after revealing that a new shareholder, Los Angeles-based Capital Group, took a 3.1 per cent stake in the company.

Drugmaker Sanofi was the biggest boost to Stoxx 600 as well as the main index in Paris after it forecast further profit growth for 2020. Oil major Total's 1 per cent rise on beating quarterly results also lifted French stocks. Ingo Schachel, head of equity research at Commerzbank, highlighted a strong rebound in cyclical shares.

The steelmaker soared 11 per cent after reporting a bigger-than-expected annual profit and its lowest-ever level of debt.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: BP and Glencore drive best day in four months for sharesEurope: BP and Glencore drive best day in four months for shares
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Shares boosted by earnings, progress on coronavirus treatmentEurope: Shares boosted by earnings, progress on coronavirus treatment
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe and Britain grandstand in trade negotiations but search for compromiseLONDON - Barely a week after Britain left the European Union, both sides are engaged in grandstanding, staking out extravagant and unrealistic claims about the conditions which will govern their future relationship.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Iconoclastic Musk basks as Tesla shares rocketNEW YORK (AFP) - Elon Musk is some way away from his goal of sending millions of people to Mars, but Tesla's shares are heading into orbit on Wall Street, leaving conventional automakers in the dust.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Iconoclastic Musk basks as Tesla shares soarElon Musk is some way away from his goal of sending millions of people to Mars, but Tesla's shares are heading into orbit on Wall Street, leaving conventional automakers in the dust. The Tesla's surge reflects its leader's ability to build the brand, experts say, combined with enough success
Source: YahooSG - 🏆 3. / 71 Read more »

Singapore shares edge up at Wednesday's open; STI up 0.03%Singapore shares edge up at Wednesday's open; STI up 0.03%
Source: BusinessTimes - 🏆 15. / 51 Read more »