gain for 4th straight quarter
Espirito Santo extends canada goose Friday steep losses
By canada goose uk outlet Atul Prakash
LONDON, June 30 (Reuters) European equities steadied on Monday, as gains in chemicals companies led by the Belgian group Solvay were offset by weaker travel stocks after a Canada Goose Coats On Sale ratings downgrade caused easyJet buy canada goose jacket shares to slump.
Portugal Banco Espirito Santo also slumped 16.5 percent, extending an 11.4 percent fall on Friday.
European chemicals shares canada goose coats on sale rose 0.6 percent, boosted by Solvay. Analysts at Exane, the top ranked broker on the stock according to StarMine, upgraded its rating to from Solvay shares rose Canada Goose Parka 3.6 percent.
The broader market was cheap Canada Goose also supported by Dutch conglomerate Philips, which rose 4.1 percent after saying it would merge its Lumileds LED canada goose black friday sale components and automotive lighting divisions into a standalone subsidiary that could be spun off.
But the gains were eclipsed Canada Goose sale by uk canada goose outlet a 0.6 percent fall in the European travel and leisure index, as easyJet slumped 6.4 percent. The drop came after canada goose store a rating cut by Bank of America Merrill Lynch to from
The FTSEurofirst 300 index of top European shares ended 0.05 percent lower at 1,370.60 canada goose clearance sale points after moving in and out of positive territory during the day. It still recorded a fourth straight quarter of gains, and analysts said the market longer term outlook remained positive.
still think that canada goose uk shop equities will outperform other asset classes given where valuations are at the moment, canada goose factory sale said Henk Potts, canada goose clearance equity strategist at Barclays Wealth and Investment Management. uk canada goose believe that developed market equities offer a better opportunity than emerging market equities.
A Reuters poll released last week showed that investors are bullish on the outlook Canada Goose Jackets for European shares in the second half of the year, betting they will canadian goose jacket extend their rally with the help of European Central cheap canada goose uk Bank s stimulus measures.
The market came under some pressure when Canada Goose online Banco Espirito Santo shares dropped after a conference call by the bank, analysts said.
was a very short call and little new information. I guess the main thing causing the fall is that uncertainty will go on for another month until the general assembly that will decide on new leadership at BES, Canada Goose Online said Albino Oliveira, an analyst at Fincor brokers.
And Italy fourth biggest buy canada goose jacket cheap lender, Banco Popolare, fell 3.1 percent after Chief Canada Goose Outlet Executive Pier Francesco Saviotti told a newspaper the bank had cancelled the sale of its bad debt unit for now. He said it would look at merger opportunities once it had passed a Europe wide health check of the sector.
market doesn like this kind of news ahead of the canada goose uk black friday upcoming stress test. If a bank is not able to find a buyer at the desired price, this leaves investors canada goose coats guessing about the quality of linked website https://www.thecanadagooseoutlet.com Canada Goose Outlet assets and whether further writedowns are necessary, said Gerhard Schwarz, head of equity strategy at Baader Bank.
banking sector in general suffers from the lack of cyclical appetite investors currently have. The recent somewhat weaker economic numbers in Europe also cast some doubts that this recovery has a strong momentum. Banks are still suffering from structural weakness in their profitability.