Europe: Stocks rally 1% on trade hopes, FTSE lags

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[BENGALURU] Euro zone stock markets charged higher on Thursday, as optimism over US-China trade talks, positive corporate updates and a rally in banking shares brightened the mood in Europe even as London stocks went in the opposite direction. Read more at The Business Times.

[BENGALURU] Euro zone stock markets charged higher on Thursday, as optimism over US-China trade talks, positive corporate updates and a rally in banking shares brightened the mood in Europe even as London stocks went in the opposite direction.

Britain's FTSE 100 was a weak spot, falling -0.6 per cent as several large-cap names traded ex-dividend and exporters on the index took a hit from a surge in sterling.Investors have cheered political developments this week, with the formation of a new government in Italy and the UK parliament's battle to avert a no-deal Brexit lifting the Stoxx 600 to a fresh one-month high.

Bank of Ireland Group jumped 8.5 per cent to the top of the index, while gains for Spanish lenders and a 7.3 per cent rise in Finland's Nordea on naming a new chief executive boosted the sector.

 

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