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    20.06.2016 10:40 European Stocks mid session

    20.06.2016 10:40

    European Stocks mid session

     

    Stock markets in Europe rallied due mostly to the recovery of the banking sector, as renewed hope that the UK will decide to stay in the EU, boosting investors appetite for risk.

    The composite index of the largest companies in the region Euro Stoxx 600 rose by 3.3% - to 336.63 points.

    As the poll showed, held June 18 by Survation, 45% of respondents were in favor, to maintain membership in the EU, 42% - against. Prior to this, the data indicated that Brexit supporters camp wins, but the death of a British Member of Parliament Joe Cox forced politicians to suspend the election campaign that changed the balance of power.

    Meanwhile bookmakers estimate the chances of the UK exit from the EU to 31% against 44% in the middle of last week.

    Producer prices in Germany declined at a slower pace in May, Destatis data showed.

    Shares of Royal Bank of Scotland and Lloyds gained 7.5% and 5.8%, respectively, amid signs that Britain decides to stay in the EU.

    The capitalization of the Italian bank UniCredit rose 4.9%. Italian media reported that the new CEO of the bank may be the former Minister of Economic Development, Infrastructure and Transport Corrado Passera.

    Spanish BBVA Bank increased its market value by 2.7% on news that the Bank approved a strategic development plan in March this year, not informing the market participants. The plan aims to increase the profitability and efficiency of the bank.

    Volkswagen AG's stock price rose by 3.1%. According to informed sources, the automaker intends to submit to regulators in the United States plan to eliminate violations in vehicles with diesel engines until the end of this month. The plan calls for expenditures of about $ 10 billion.

    The market value of Bayer AG increased by 2.2%. According to rumors, the company is in talks with investment banks about a possible sale of its business for the production of radiological equipment. Cost could be around $ 3 billion.

    Share price Adidas AG increased by 2.2% from the figures that the sporting goods manufacturer has signed another four-year sponsorship deal with the national football team of Germany.

    Allianz shares rose 3.2% after the German insurer announced the acquisition of Zurich Assurances Maroc, a branch of Zurich Insurance Company in Morocco.

    Taylor Wimpey shares soared 5.4% after Deutsche Bank analysts confirmed their rating to "buy."

    At this moment

    FTSE 6182.44 161.35 2.68%

    DAX 9952.37 321.01 3.33%

    CAC 4328.91 135.08 3.22%


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