By Investors Hub
European shares are seeing modest strength on Friday as German factory orders data beat estimates and investors digested a raft of mixed corporate earnings results. The upbeat U.S. jobs data has also generated positive sentiment.
German factory orders grew 1 percent in June from May, when they increased by revised 1.1 percent, official data showed. Orders were forecast to grow by 0.5 percent.
Meanwhile, the U.K. economy is “a little bit” better placed to cope with a possible rate hike, Bank of England Deputy Governor Ben Broadbent told BBC radio. “I think there may be some possibility for interest rates to go up a little bit,” Broadbent said.
While the U.K.’s FTSE 100 Index has risen by 0.2 percent, the German DAX Index is up by 0.4 percent and the French CAC 40 Index is up by 0.7 percent.
Royal Bank of Scotland Group has rallied after swinging to a profit in the second quarter, despite a U.S. settlement fine.
German insurer Allianz has edged higher after it agreed to buy a 49 percent stake in LV’s general insurance business.
Meanwhile, reinsurer Swiss Re has fallen after its first-half group net income dropped by a third due to lower premiums and a weaker investment return.
Andritz has plummeted after the Austrian engineering group said it expects slightly lower sales in 2017 compared to 2016.
British homebuilders have also tumbled after reports said the government may review the “help to buy” scheme.
more recommended stories
Facebook NG_Hub Trains 50,800 SMBs in Digital Skills
By Modupe Gbadeyanka Not less than.
Asian Equities Finish Mute Despite Reprieve for Huawei
By Investors Hub Asian stocks ended.
European Shares Close Mixed as Investors Await Fed Outcome
By Investors Hub European stocks are.
Lingering Trade Worries to Stretch Wall Street Volatility
By Investors Hub The major U.S..
CBN to Control Banks’ Investment in Treasury Bills, Bonds
Modupe Gbadeyanka The Central Bank of.
Nigeria to Issue Second 30-year Naira Bond Today
By Dipo Olowookere The Debt Management.
NSE Index Gains 2.88% to Slice Year-to-Date Loss to 3.86%
By Dipo Olowookere The local equity.
30-Day T-Bills Yields Shrinks to 9.94%
By Dipo Olowookere The continued absence.