Home / shares / Oils and banks falls lower before 15-month highs

Oils and banks falls lower before 15-month highs

[LONDON] European shares retreated slightly from 15-month highs on Monday with lower crude prices weighing on oil stocks and Deutsche Bank dragging banks lower one day before the start of its 8 billion-euro cash call.
Elsewhere, Vodafone shares closed down 0.4 per cent after news that Vodafone and India’s Idea Cellular had agreed to merge their Indian operations.
Ingenico rose as much as 4.5 per cent before turning lower by 3.1 per cent, in heavy volume, after Atos formally denied a report it was preparing an offer for the French payments company.
The pan-European Stoxx 600 index ended 0.2 per cent lower, after hitting its highest level since December 2015 last week in a rally driven by better economic data, good company earnings and merger and acquisition activity.
Aryzta lost two-thirds of its market value in late January when it issued a profit warning.

according to

The latter had hit a fresh 15-month high but fell back after a European Central Bank policymaker rekindled talk of a possible rate hike.
Europe’s broader bank index reversed course to fall 0.6 per cent, weighed down by Nordea Bank going ex dividend and trading 6.3 per cent lower.
[LONDON] European shares edged higher on Friday, though weaker auto stocks euro zone banks weighed.
The Stoxx 600 nevertheless ended up 0.2 per cent with a 1.4 per cent gain for the week.
sentifi.com Market voices on: Traders said his comments sparked an early rally in bank stocks but the sector turned lower later.
European shares

according to

Europe: Shares dip on weak banks and energy before Dutch vote, Fed, Stocks

Britain’s FTSE 100 fell 0.1 per cent on political uncertainty as Britain prepares to start negotiating its departure from the European Union.
The biggest fallers among the banks were Bank of Ireland and Italy’s Banco BPM and BPER Banca, which were between 2.6 and 3.3 per cent lower.
Shares in Swiss drugmaker Galenica fell 5.1 per cent after the firm posted a drop in 2016 profit, saying that the acquisition of US-based Relypsa last year had a negative impact on the group’s results.
Innogy shares rose 4.3 per cent, but pared some of their earlier gains after French BFM TV reported that Engie was not interested in making a bid.
Markets were largely focussed on the Netherlands’parliamentary election on Wednesday as well as the US Federal Reserve’s interest rate decision.
European shares

read more
visit us

shares

About finance market

Avatar for finance market

Check Also

BP shares rose 1.7 per cent after the oil majors profit picture-12710-310x165

BP shares rose 1.7 per cent after the oil major’s profit

Strong earnings have helped push shares higher across the globe this year. Investors were looking …