Thursday October 22, 2020

Spanish bank stress-test results lift European shares

Share prices advanced as good news from Spain outweighed weak economic data from Japan and China in European markets.

1st October, 2012
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Shares prices lifted by Spanish bank stress test results

Share prices advanced as good news from Spain outweighed weak economic data from Japan and China in European markets.

Test results showed the stress to the Spanish banking system was within estimated limits with a capital deficit of €59.3 billion, less than the €100 billion agreed as part of a bailout.

By 10:30 am, the FTSE was up by 1.1 per cent in London while French shares gained 1.6 per cent and Germany's DAX added...

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