Skip to Content
Market Update

Financials, Miners Lead Europe Higher

Equities in Europe edged higher Friday, following a data point that showed consumer confidence in the U.K. witnessed the highest monthly gain in 18 years.

At the time of writing, Britain's FTSE, France's CAC and Germany's DAX added 1% to 1.5%.

Financial stocks witnessed buying across the region after Citigroup rated the sector as 'overweight': Barclays, BNP Paribas, Credit Agricole and Societe Generale climbed 2% to 3.8% while miners BHP Billiton, Rio Tinto and Xstrata advanced 1.1% to 1.9%, as metal prices jumped in the commodities market.

In earnings news, Tate & Lyle was up 1% after declaring full-year results. Shares in EasyJet rose 1.9% following a broker upgrade.

Elsewhere, Asian markets were trading mostly higher, tracking gains on Wall Street overnight.

Sponsor Center