European Stocks Rise on Banking and Industry
European stocks rose at the end of Thursday's session, supported by strong financial results from banks and industrial companies, despite ongoing geopolitical tensions and uncertainty regarding U.S. interest rates. The banking sector led the gains, increasing by 2.6% thanks to an over 11% rise in profits from B.B.V.A. in the second quarter. Construction and industrial sectors continued to climb, with expectations of a 20.8% growth in European corporate profits in Q2. Despite these gains, uncertainty remains surrounding U.S. monetary policy after the Federal Reserve kept interest rates unchanged, which impacted shares of companies like Adidas, which fell by 11.5%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)