Europe: Stocks hit six-month high as automakers, insurers gain

[BENGALURU] European shares hit their highest in half a year on Tuesday, buoyed by autos and insurance stocks and gains among export-heavy London stocks as Brexit uncertainty weakened the pound.

The index of automakers and parts suppliers rose 1.3 per cent, building on Monday's 3.3 per cent gain which came after unexpectedly strong Chinese factory data.German auto parts supplier Continental AG climbed 2.3 per cent, and said it was sticking to plans list its powertrain division.Tyre-maker Pirelli rose 2.9 per cent after the Italian firm said it saw a 107 million euros first-half boost from Brazilian tax credits.

European banks rose 0.7 per cent, with Swedbank AB jumping 6.1 per cent in its best one-day showing in more than six years.

United States United States Latest News, United States United States Headlines

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

Europe: London stocks up as pound falls on Brexit chaos[LONDON] London's stock market rose at the open on Thursday, with share prices of multinationals climbing as the pound dropped in the wake of more Brexit uncertainty. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks claw back up after four-day drop[BENGALURU] European shares rose on Tuesday, snapping a four-day losing streak, boosted by healthcare stocks and on indications that UK Prime Minister Theresa May's deal to exit the European Union could gain some support. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks rally at open[LONDON] European stock markets rose solidly at the start of trading of Monday following strong gains in Asia. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »