[BENGALURU] European shares rose on Tuesday to distance themselves further from a 3-1/2 month low hit during the previous session, aided by auto stocks which gained on broker recommendations.
The Stoxx 600 rose 0.7 per cent, with Germany's DAX adding 1.5 per cent, while the FTSE 100 gained 0.4 per cent. Volkswagen, which RBC also rated"outperform", added 3.3 per cent. Sources told Reuters the firm is likely to launch the sale of transmissions maker Renk in the autumn, aiming to free up funds to invest more in electric vehicles.
Lenders in Italy have been under pressure over the last month, hurt by the country's differences with the European Union, a possible 3 billion euro fine and concerns about its debt burden.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe: Stocks slump at open[LONDON] European stock markets slumped at the start of trading on Wednesday after weakness in Asia and on Wall Street triggered by the lingering US-China trade war. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Shares slip, possible fine on Italy hits bank stocks[BENGALURU] European shares dipped on Tuesday, with bank stocks capturing investors' attention as concerns about a possible fine on Italy due to the indebted country's yawning budget deficit exacted a heavy toll on risk sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Shares rise, spurred on by healthcare stocks[BENGALURU] European shares recovered from early losses to end Monday higher as gains in healthcare stocks helped head off weakness in trade-sensitive sectors like technology after the latest twist in the US-China trade war. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
South Korea: Stocks lose 2019 gains as trade war continues[SEOUL] South Korea's $1.3 trillion stock market became the latest victim of the US-China trade war, with its benchmark index losing all of this year's advance on Wednesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »