Europe: Shares rise, SocGen jumps 7%
Published Wed, Aug 5, 2015 · 08:30 AM
[LONDON] European shares rose on Wednesday, led higher by Societe Generale which jumped 7 per cent after posting its second-quarter results.
The French bank reported better-than-expected earnings and said it would target a slightly bigger cushion of capital and higher cost savings.
The pan-European FTSEurofirst 300 index was up 0.6 per cent by 0707 GMT, and the euro zone's blue-chip Euro STOXX 50 index was up 0.6 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Why the yen is so weak and what that means for Japan
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce