European shares rise on boost from energy, financials [Reuters]
RUBIS ADR (RBSFY)
NASDAQ:AMEX Investor Relations:
rubis.fr/en/publications/financial-reports
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Source: Reuters
The pan-European STOXX 600 (.STOXX) , opens new tab was up 0.2% by 9:27 GMT, notching fresh record highs. The benchmark index also looks set for its seventh straight week of gains. Financial services (.SXFP) , opens new tab index climbed 1.1% and topped sectoral gains, led by a 4.2% rise in UBS (UBSG.S) , opens new tab after the bank said it would close 85 branches in Switzerland by 2025 as part of its plan to cut costs at the combined business. Oil and gas (.SXEP) , opens new tab shares added 0.9% as crude prices rose on demand from the world's biggest consumers - the United States and China. On the data front, the eurozone's revised Q4 GDP numbers are due at 1000 GMT, with the focus also on the February U.S. nonfarm payrolls data for more insights into the economy's resilience amid renewed hopes of rate cuts. Traders are also betting that policy easing may begin in June after Federal Reserve Chair Jerome Powell hinted this week that the central bank was not too far from gai
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