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- European stocks closed session mixed after a rally in automakers helped offset a drop in euro-area confidence.
European stocks closed session mixed after a rally in automakers helped offset a drop in euro-area confidence.
On result of today's session:
FTSE 5,748.72 +29.83 +0.52%
CAC 3,229.32 -4.14 -0.13%
DAX 6,739.9 +35.40 +0.53%
An index of executive and consumer sentiment in the 17- nation euro area fell to 92.8 this month from a revised 94.5 in March, the European Commission said today. Economists had forecast a drop to 94.2 from a previously reported 94.4.
Shares of Deutsche Bank declined 3.2% after Germany’s biggest lender said first-quarter profit fell 33 percent to 1.38 billion euros as a rebound in investment-banking earnings from the previous three months wasn’t enough to match year-earlier levels.
Bank shares dropped: Unicredit SpA fell 3.1%, Banco Santander SA lost 3.8%, Societe Generale SA declined 3.6%.
Shares of Volkswagen jumped 8.6% after the world’s second-largest carmaker reported a 10 percent jump in first-quarter operating profit to 3.21 billion euros. After Volkswagen’ report Porsche increased 7.3%, Daimler AG increased 3.4% and Volvo AB advanced 2.7%.
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