Friday July 3, 2020

European share rally continues for a second day as banks surge

Irish shares gained nearly three per cent in morning trading

15th February, 2016
European shares rose for a second day

The optimism that swept through European equities entered a second day as lenders and carmakers further rebounded, while investors bet on additional central-bank stimulus.

The Stoxx Europe 600 Index climbed 3.2 per cent at 12:01 p.m. in London, taking its two-day gain to 6.2 per cent, the most since 2011. Italian and Greek lenders led a bank rally, while the region’s carmakers advanced, helped by a weakening euro.

By 12:20 p.m., the FTSE 100 was 2.2 per...

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