Europe: Stocks rebound with banks in the lead

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[BENGALURU] European stocks rose on Friday, boosted by positive earnings updates from Barclays and a surge in Airbus, but nagging worries about the economic impact of surging Covid-19 cases saw markets post their biggest weekly decline in a month. Read more at The Business Times.

"Opposite forces are in play at the moment," said Emmanuel Cau, head of European equity strategy at Barclays."Globally you've these two main sources of growth - US and China - that are still recovering, so part of the European market will still benefit from the strength outside of Europe.

Finance Minister Bruno Le Maire said gross domestic product will likely contract in the fourth quarter, adding that curfew measures would cost around two billion euros .

 

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