European banks continue to rebound in stock
July 8, 2010 - 7:25 am
European shares move up on Thursday morning, boosted by the continued rebound in bank stocks, as investors are increasingly likely to believe that the results of stress tests will be less catastrophic than they feared.
The bank also boosted by a change of opinion on the sector by Credit Suisse, which went to "balance line" cons "underperformance" before.
Around 9:50, the pan-European index STOXX Europe 600 Banks gained 1.76%.
In Paris, Dexia gained 3.92%, 3.42% Natixis, BNP Paribas 2.93%, 3.13% Societe Generale and Credit Agricole 1.10%.
The trend is also positive for banks in the rest of Europe.
Barclays rose as 3.72% and 1.11% of Santander Intesa 1.81%.