Friday, February 3, 2017

Banks take on European markets on tow – NU.nl

The main European stock markets on Friday unanimously positive the weekend will be entered. Financial funds were supported by the news that the American president Donald Trump begins his plan to bring in strict rules for banks in the United States to relax.

The AEX closed 0.8 percent higher on 485,92 points. The MidKap index increased 0.3 percent to 702,50 points. The stock exchanges in Frankfurt, London and Paris gained 0.2 to 0.7 percent.

Aegon, ING and ABN Amro were among the strongest risers in the Amsterdam index, with the pluses of 0.8 to 2.4 percent. In London was Barclays 3.4 percent higher, while professional RBS there are 2.7 percent of market capitalization bijkreeg. In Frankfurt rose Deutsche Bank 3.6 percent, while BNP Paribas in Paris, 1.5 percent, won.

The second bank of Italy, Intesa Sanpaolo rose 2.7 percent, despite a slightly disappointing year. However, reported the bank, which may soon merge with the largest Italian insurer Generali, to hold on to his intention to pay a dividend to shareholders.

Not all financial funds in Europe were also in the green. The Spanish Banco Popular provided just

7.4% in on the stock exchange in Madrid. The bank recorded last year a net loss of 3.5 billion euros through a series of provisions for bad loans and legal costs.

Air France-KLM

Air France-KLM (minus 1.8 percent) was the big loser in the medium-sized funds, once analysts are negative on the share of the luchtvaartcombinatie had spoken. Wereldhave increased 0.2 percent in the MidKap index. The shopping centre operator reported a increase in profit in 2016.

A notable loser in Europe was retail Metro. The parent company of Gold fell 3.1 percent in Frankfurt due to disappointing quarterly results.

The price of a barrel of Us oil rose 0.5 percent to 53,83 dollar. Brent was also 0.5 per cent more expensive at 56,84. The euro was 1,0787 dollars worth, at 1,0800 dollar at the close of the European markets on Thursday.

By: ANP

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