By Steve Goldstein
Banks rose in European trading on Tuesday, as the rise in bond yields tempts investors back in the sector.
Helped by lenders including Intesa Sanpaolo and BNP Paribas , the Stoxx Europe 600 rose 0.6% to 453.64.
Of the major regional indexes, the German DAX gained 0.5%, the French CAC 40 increased 0.9% and the U.K. FTSE 100 increased 0.6%.
The Stoxx Europe 600 banking index has climbed 9% over the last six months.
The biggest Stoxx 600 gainer was Greggs , which rose 10% as the U.K. bakery chain said its full year outcome will be ahead of previous expectations. Like-for-like sales in its fiscal third quarter, compared to 2019 levels, improved 3.5% despite the company reporting staffing and supply chain issues.
The biggest Stoxx 600 faller was GN Store Nord , which fell 6% after warning of slower revenue growth than expected in its hearing aid division.
(END) Dow Jones Newswires
10-05-21 0935ETCopyright (c) 2021 Dow Jones & Company, Inc.