European Stocks Inch Higher
2016年7月29日 - 05:20PM
Dow Jones News
Stocks in Europe inched higher early Friday as upbeat news from
the region's banks offset a disappointing stimulus announcement
from the Bank of Japan.
The Stoxx Europe 600 rose 0.4% in the early minutes of trading,
led by the banking sector. Shares of Barclays PLC rose 4% after its
results came in stronger than some had expected and the bank said
it was on track to shed of one of its unwanted businesses. And
shares of UBS AG rose 2.3% after the world's biggest wealth manager
beat expectations for second-quarter profits. Results of the
European Banking Authority's stress tests are due later Friday
after markets close.
Earlier, shares in Asia mostly fell while the yen surged against
the dollar after Japan's central bank said it planned to increase
stock-fund purchases but left other policies unchanged,
disappointing some investors who had hoped for a more aggressive
easing package. The dollar was last down 1.3% against the yen at ¥
103.3630.
In the U.S., futures pointed to a small opening loss for the
S&P 500, but shares of Google Inc. parent Alphabet Inc. jumped
in after-hours trading after the company said quarterly profit was
up 24%. Shares of Amazon.com Inc. also rose after the company
announced its third consecutive record profit.
Oil prices continued to decline, with Brent crude last trading
down 0.5% at $43.03 a barrel.
Write to Riva Gold at riva.gold@wsj.com
(END) Dow Jones Newswires
July 29, 2016 04:05 ET (08:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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