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Bank stocks lift European shares

Published 29/01/2020, 09:23
© Reuters.  Bank stocks lift European shares
ES35
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STMPA
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SAN
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IFXGn
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AAPL
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STOXX
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AMS
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SX7P
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Jan 29 (Reuters) - European shares gained slightly on

Wednesday, helped by bank stocks following strong results from

Santander, but mounting concerns about the fast-spreading

coronavirus kept a lid on gains.

By 0809 GMT, the pan-European STOXX 600 .STOXX rose 0.1%,

continuing a recovery from a selloff earlier this week.

Spain's IBEX .IBEX outperformed regional bourses, lifted

by a 2% rise in Santander SAN.MC . The lender posted a higher

quarterly net profit, boosted by a solid underlying performance

in its main market Brazil and capital gains. The banks index .SX7P climbed 0.5%, the most among the

main European subsectors.

Shares of Apple Inc AAPL.O suppliers including Infineon

Technologies AG IFXGn.DE , AMS AG AMS.S and

STMicroelectronics NV STM.MI gained after the iPhone maker

beat sales and profit estimates for the holiday shopping

quarter.

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