🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Deutsche Bank leads European shares higher

Published 19/08/2019, 08:33
© Reuters.  Deutsche Bank leads European shares higher
DE40
-
DBKGn
-
STOXX
-
SX8P
-

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Aug 19 (Reuters) - European shares rose on Monday, extending

gains from the previous session, as German stocks, led by

Deutsche Bank , rallied and investors cheered plans from Germany

and China to counter slowing growth.

Deutsche Bank's DBKGn.DE shares jumped 3.6% and helped the

DAX index .GDAXI climb 1.1%. Some major investors of the

German bank want supervisory board chairman Paul Achleitner to

step down before his term ends in 2022, a German magazine

reported on Friday. Stocks across Europe were also boosted on Friday by a report

that Germany's right-left coalition government would be prepared

to ditch its balanced budget rule and take on new debt to

counter a possible recession. The People's Bank of China announced key interest rate

reforms over the weekend to help steer interest rates lower.

The pan-European STOXX 600 index .STOXX was 1% higher by

0713 GMT, after rebounding from six-month lows on Friday, with

the technology sector .SX8P leading the charge.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.