Europe investment banks report rise in Q2 equity trading revenue
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Paris
EUROPEAN stocks have swung this year from a central-bank-fuelled rally to a Greece-induced slump and back up. The upshot for investors? A resurgence in volume.
After years of shrinking trades and commissions, stock desks in Europe are finally seeing a pick-up. Investment banks including UBS Group AG and Deutsche Bank AG have reported a surge in equity trading revenue in the second quarter. The value of stocks traded jumped 25 per cent to 1.4 trillion euros (S$2.1 trillion) in the first half of 2015, the highest since at least 2009, data from research firm Markit showed.
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