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Jan. 14, 2013, 3:27 a.m. EST

Europe stocks edge higher with banks in the lead

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By Barbara Kollmeyer

MADRID (MarketWatch) -- European stock markets kicked off Monday's trading with slight gains, led by French banking stocks after broker upgrades. Analysts noted debt-buying plans by the Japanese government and a speech by Chicago Fed President Charles Evans, who reportedly said the U.S. economy will grow by 2.5% this year and 3.5% next, as positives for sentiment this morning. The Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP +0.70% was slightly positive at 287.08, while the French CAC 40 index /zigman2/quotes/210597958/delayed FR:PX1 +0.82% rose 0.2% to 2,712.53. Shares of Societe Generale SA /zigman2/quotes/206663756/delayed FR:GLE +0.35% rose 2.5% and Credit Agricole SA /zigman2/quotes/209264506/delayed FR:ACA -0.36% gained 2% after those banks were upgraded to outperform by Credit Suisse. The German DAX 30 index /zigman2/quotes/210597999/delayed DX:DAX +0.32% rose 0.1% to 7,725.83 and the FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +0.91% was flat at 6,122.80. Shares of Compagnie de Saint-Gobain SA /zigman2/quotes/201813666/delayed FR:SGO -0.93% rose 3% after Ardagh Glass Ltd. offered $1.69 billion for its North American Verallia unit, which makes glass bottles and jars.

Read the full story:
French banks up as the rest of Europe struggles

/zigman2/quotes/210599654/delayed
XX : STOXX
484.51
+3.35 +0.70%
Volume: 0.00
Jan. 17, 2022 5:50p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
7,201.64
+58.64 +0.82%
Volume: 53,465
Jan. 17, 2022 6:05p
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/zigman2/quotes/206663756/delayed
FR : France: Euronext Paris
34.36
+0.12 +0.35%
Volume: 2.79M
Jan. 17, 2022 5:39p
P/E Ratio
9.48
Dividend Yield
1.60%
Market Cap
€26.68 billion
Rev. per Employee
€279,097
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/zigman2/quotes/209264506/delayed
FR : France: Euronext Paris
13.73
-0.05 -0.36%
Volume: 4.33M
Jan. 17, 2022 5:35p
P/E Ratio
10.51
Dividend Yield
5.83%
Market Cap
€40.61 billion
Rev. per Employee
€677,640
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
15,933.72
+50.48 +0.32%
Volume: 46,576
Jan. 17, 2022 6:30p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,611.23
+68.28 +0.91%
Volume: 634,653
Jan. 17, 2022 4:57p
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/zigman2/quotes/201813666/delayed
FR : France: Euronext Paris
65.71
-0.62 -0.93%
Volume: 1.44M
Jan. 17, 2022 5:35p
P/E Ratio
16.08
Dividend Yield
2.02%
Market Cap
€34.41 billion
Rev. per Employee
€253,623
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