European shares near two-year high; Credit Suisse leads bank gains [Reuters]
Credit Suisse Group American Depositary Shares (CS)
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Source: Reuters
European shares near two-year high; Credit Suisse leads bank gains | Reuters 4 Min Read LONDON (Reuters) - Forecast-beating results from lenders Credit Suisse, ING and Danske Bank buoyed Europe’s bank shares on Thursday, helping the overall equity index to hold just off two-year highs. Trading was muted before the Bank of England’s 1200 GMT policy meeting, which is expected to raise interest rates for the first time since 2007. Markets have factored in a rate rise, but investors in UK markets want to see what the bank might signal about future policy. The pan-European STOXX 600 seesawed just off the two-year highs hit on Wednesday. British, German and French stocks were also flat or weaker .FTSE .GDAXI .FCHI . Bank shares were the day’s bright spot, with the STOXX 600 bank index .SX7P up half a percent after three days in the red and adding the most points to the overall benchmark. The gains soothed some of the worries stoked earlier in the week by Standard Chartered and BNP Paribas
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