European shares go up
On Friday, European stocks ascended backed by comments by ECB President Mario Draghi made on Thursday.
During European morning trading session, the EURO STOXX 50 earned 0.18%, French CAC 40 gained 0.12%. As for German DAX 30, it leapt 0.08%.
On Thursday, ECB President Mario Draghi told that an adjustment to the bank’s stimulus program could arise in December.
Financial stocks showed mixed performance. BNP Paribas tacked on 0.02%, Societe Generale lost 0.02%, while Commerzbank descended 0.15% and Deutsche Bank soared 0.12% in Germany.
As for peripheral lenders, Italian Intesa Sanpaolo and Unicredit tumbled 0.05% and 0.36% respectively. Besides this, Spanish banks Banco Santander and BBVA rose 0.56% and 0.42%.
SAP AG leapt 2.45% after saying that third-quarter profit soared 8%, beating experts’ estimates.
In London, FTSE 100 grew 0.19%, spurred by Informa, whose stocks ascended 2.25%.
Daimler shares dipped 3.08%, even after the German luxury car producer reported higher third-quarter revenue, ensured by strong sales of its new E-class models, sport-utility cars as well as upbeat currency effects.