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European stocks close higher with strong earnings

European stocks close higher with strong earnings
Profits soar at Barclays, Deutsche Bank in first half of 2021

By Ovunc Kutlu

ANKARA (AA) - European stocks closed higher Wednesday with optimism amid strong earnings from major companies.

STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 European countries, was up 0.66% to 461.70 points.

London’s FTSE 100 rose 0.29% to 7,016 and Germany's DAX 30 added 0.33% to 15,570.

French stock market, the CAC 40, increased 1.18% to 6,609, while Italy's Borsa Italiana FTSE MIB 30 added 0.7% to 25,261.

IBEX 35 of Spain was up 0.4% to 8,733.

Optimism came amid strong earnings from major banking institutions.

UK-based multinational bank Barclays saw attributable profit soaring to £3.8 billion ($5.28 billion) in the first six months of the year ending June, from £695 million ($966 million) during the first half of 2020, according to financial results.

German multinational investment bank and financial services company Deutsche Bank saw profit before taxes jump to €2.75 billion ($3.26 billion) in the January-June period, up from €364 million ($431 million) the same period last year.

source: News Feed
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