• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      CBN says cryptocurrency ban in interest of Nigerians

      February 25, 2021

      Companies-in-Action

      Zenith Bank in strong operational performance as profit rises 10.4% to N230.56bn in FY20

      February 25, 2021

      Companies

      United Capital posts strong numbers as earnings rise 50% to N12.87bn in 2020

      February 23, 2021

      Finance

      CIBN revives mentorship initiative for bank workers

      February 20, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Insurance Business

      Enterprise risk management surges amid pandemic, RIMS reports

      February 25, 2021

      WORLD BUSINESS & ECONOMY

      Hyundai to recall 82,000 electric cars over battery malfunction

      February 25, 2021

      Frontpage

      Global health insurance premiums fall amid pandemic, says new report

      February 24, 2021

      Frontpage

      Insurance M&A record highest growth in Africa, Middle East in 2020

      February 23, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Oil and Gas

      REA delivers 100kW hybrid solar mini grid to Edo community

      February 25, 2021

      Oil and Gas

      OPL 310: LEKOIL engages Optimum Petroleum over CRSA agreement

      February 25, 2021

      Frontpage

      Nigeria still losing 200,000bpd crude daily as NNPC enlists army’s intervention

      February 25, 2021

      Frontpage

      Nigeria to sell 170MW electricity capacity to Togo from Calabar plant

      February 24, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      The bull run still has legs despite inflation concerns

      11 hrs

      Analyst Insight

      Incorporating three lines of defence in data privacy schemes

      11 hrs

      Analyst Insight

      Coronation MB analysts project sharp rates rise after Nigeria recession exit

      February 25, 2021

      Analyst Insight

      How NITDA can further foster data protection compliance in Nigeria

      February 22, 2021

Frontpage

European stocks rise on U.S. and China trade talks, ECB-BoE meeting

Agency Report

Agency Report

September 13, 2018819 views0 comments

European stocks rose on Thursday as traders eye the outcome of European Central Bank (ECB) and Bank of England (BoE) meeting.

The pan-European STOXX 600 rose 0.2 percent by 0722 GMT, with Germany’s DAX .GDAXI up 0.3 percent.

Mining shares .SXPP climbed 0.9 percent and autos .SXAP rose 0.7 percent, the best-performing sectors, after U.S. officials invited China to new trade talks, which the Chinese foreign ministry welcomed.

Investors were waiting for decisions from the ECB and the BoE, particularly for any details on the ECB’s plans to halve its asset purchases and – from the BoE – any comments on Brexit negotiations.

Read Also:

  • Coronation MB analysts project sharp rates rise after Nigeria recession exit
  • United Capital posts strong numbers as earnings rise 50% to N12.87bn in 2020
  • Nigeria bourse in red as selloffs in banking, consumer goods stocks see…
  • Positive buying sentiments in large-cap stocks drive up market cap,…

Dealmaking and results led to some strong stock moves. French bank Natixis (CNAT.PA) gained 4.9 percent to top the STOXX after it decided to sell several specialized finance businesses to its parent, BPCE, and use part of the 2.7 billion euros ($3.1 billion) in proceeds for acquisitions.

Commerzbank (CBKG.DE) shares topped the DAX, rising 2.1 percent, after news Deutsche Bank was considering an overhaul to loosen the bond between its retail and investment banks, making it easier to merge some or all of the group with rival lenders.

Electrical components supplier Rubis (RUBF.PA) fell as much as 14 percent after reporting disappointing first-half profit. German meal delivery firm Delivery Hero (DHER.DE) also suffered a 4.3 percent drop after its first-half results.

French tyre maker Michelin (MICP.PA) rose 2.3 percent after it confirmed its 2018 financial outlook, saying signs of growth in Europe and North America would offset a slowdown in China.

Among UK stocks, Morrisons (MRW.L) fell 1.9 percent despite forecast-beating profits for the first half.

Small-cap Debenhams (DEB.L) tumbled 6.8 percent after Sports Direct ruled out a bid for the department store operator.

Adyen (ADYEN.AS) shares fell 8.7 percent after the company placed 2.46 billion shares. Reuters

Share on Facebook Tweet Email
TagsBank of England European Central Bank French bank Natixis
PreviousAfDB board approves non-sovereign operations policy
NextIMF warns Marshal Islands against adopting its own cryptocurrency

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Social Media Helps Global “Dream Teams” Come Together
  • What’s Next for Jeff Bezos and Amazon?
  • What Makes Some Ads More Shareable Than Others?
  • Sincere commitment to reduce corruption in Nigeria
  • FGN: A confused investor in the oil industry

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Dangote, Indorama benefit as AfDB okays $25bn for agriculture in Nigeria, Gabon, Mali, Senegal, Sudan

Agriculture November 26, 2020

1
2

NNPC to build two new refineries

Frontpage November 5, 2019

3

CBN’s July PMI in at 44.9 points, key sectors contract 3 months in a row

Frontpage July 29, 2020

4

Investors still have N60bn unclaimed dividends with companies – SEC

Frontpage January 29, 2020

5

Nigerian equities post 10-months’ record high, N15.1trn market cap

Frontpage October 6, 2020

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.