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Oct. 5, 2021, 9:35 a.m. EDT

Banks lead European stocks higher

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By Steve Goldstein

Banks rose in European trading on Tuesday, as the rise in bond yields tempts investors back in the sector.

Helped by lenders including Intesa Sanpaolo /zigman2/quotes/206161760/delayed IT:ISP +0.37% and BNP Paribas /zigman2/quotes/206351084/delayed FR:BNP -0.50% , the Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.39% rose 0.6% to 453.64.

Of the major regional indexes, the German DAX /zigman2/quotes/210597999/delayed DX:DAX +0.35% gained 0.5%, the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 +0.39% increased 0.9% and the U.K. FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.40% increased 0.6%.

The Stoxx Europe 600 banking index /zigman2/quotes/210599339/delayed XX:SX7P -0.57% has climbed 9% over the last six months.

The biggest Stoxx 600 gainer was Greggs /zigman2/quotes/205743109/delayed UK:GRG +1.49% , which rose 10% as the U.K. bakery chain said its full year outcome will be ahead of previous expectations. Like-for-like sales in its fiscal third quarter, compared to 2019 levels, improved 3.5% despite the company reporting staffing and supply chain issues.

The biggest Stoxx 600 faller was GN Store Nord /zigman2/quotes/202894664/delayed DK:GN -0.11% , which fell 6% after warning of slower revenue growth than expected in its hearing aid division.

/zigman2/quotes/206161760/delayed
IT : Italy: Milan
2.16
+0.0080 +0.37%
Volume: 34.84M
Dec. 3, 2021 2:26p
P/E Ratio
46.06
Dividend Yield
0.00%
Market Cap
€42.04 billion
Rev. per Employee
€368,840
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/zigman2/quotes/206351084/delayed
FR : France: Euronext Paris
56.17
-0.28 -0.50%
Volume: 1.33M
Dec. 3, 2021 2:31p
P/E Ratio
9.08
Dividend Yield
4.74%
Market Cap
€70.69 billion
Rev. per Employee
€461,970
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/zigman2/quotes/210599654/delayed
XX : STOXX
467.25
+1.81 +0.39%
Volume: 0.00
Dec. 3, 2021 2:31p
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
15,316.87
+53.76 +0.35%
Volume: 36,725
Dec. 3, 2021 2:31p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
6,822.20
+26.45 +0.39%
Volume: 30,447
Dec. 3, 2021 2:31p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,158.04
+28.83 +0.40%
Volume: 193,383
Dec. 3, 2021 1:31p
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/zigman2/quotes/210599339/delayed
XX : STOXX
138.47
-0.80 -0.57%
Volume: 0.00
Dec. 3, 2021 2:31p
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/zigman2/quotes/205743109/delayed
UK : U.K.: London
3,065.00 p
+45.00 +1.49%
Volume: 43,058
Dec. 3, 2021 1:31p
P/E Ratio
36.67
Dividend Yield
0.49%
Market Cap
£3.13 billion
Rev. per Employee
£37,668
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/zigman2/quotes/202894664/delayed
DK : Denmark: OMX
kr. 370.30
-0.40 -0.11%
Volume: 172,907
Dec. 3, 2021 2:31p
P/E Ratio
26.01
Dividend Yield
0.39%
Market Cap
kr.47.71 billion
Rev. per Employee
kr.2.06M
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