European stocks close mixed with Fed, earnings in focus; Deutsche Bank up 11% – News 24-7 Live News 24-7 Live
European stocks close mixed with Fed, earnings in focus; Deutsche Bank up 11%

European stocks close mixed with Fed, earnings in focus; Deutsche Bank up 11%

The pan-European Stoxx 600 ended the session little changed, with banks adding 1.5% — led by a surge of Deutsche Bank’s share price — while industrials fell 0.7%.

European investors are digesting a slew of earnings reports from Deutsche Bank, Sanofi, Dassault Systemes, Banco Santander, French Connection, GlaxoSmithKline and Lloyds Banking Group, among others.

Deutsche Bank reported a 908 million euro ($1.1 billion) profit for the first quarter, its strongest quarterly profit for seven years, buoyed by continued strong performance in its investment banking division.

The German lender’s shares surged 10.7% to lead the Stoxx 600 by the market closed Wednesday, while Lloyds added 3.5% after also beating earnings expectations.

Delivery Hero’s strong 2021 outlook sent the German food delivery company’s stock 9.4% higher.

News Source: cnbc

Leave a Reply

Your email address will not be published. Required fields are marked *

Report News
Google