European Stocks Advance With Earnings as U.K. Banks Jump on BOE
This content was published on February 4, 2021 - 17:12
February 4, 2021 - 17:12
(Bloomberg) European shares rose as investors assessed earnings reports, while U.K. banking stocks climbed after the Bank of England said the economy is poised for a rapid recovery amid a vaccination push.
The Stoxx Europe 600 Index was up 0.6% by the close in London, with gains in financial shares offsetting declines in heavyweights such as Unilever Plc and Royal Dutch Shell Plc after their results disappointed investors. Bayer AG also climbed after it announced a plan to resolve future lawsuits.
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