European equities finished up over one percent, ahead for the eleventh day out of 13.New data showing orders for longer lasting manufactured goods in the US fell last month much more sharply than expected didn’t deter investors. Instead they focused on encouraging second-quarter results from companies. Positive earnings news from Spain’s biggest bank Santander boosted financial stocks including Standard Chartered, HSBC, Barclays, Lloyds, Royal Bank of Scotland, BNP Paribas and Societe Generale. Chemical stocks also gained ground as Bayer stuck to its target for limiting the slide in its core underlying profit this year. The dollar gained broadly, recovering from recent losses.
Wednesday 29th July