Hopes for a recovery in European stocks have risen, as Spanish banks bounce back after the BBV deal

Hopes for a recovery in European stocks have risen, as Spanish banks bounce back after the BBV deal

On September 4, 2020, a woman uses a smartphone in front of the ATM of Spanish bank Banco Bilbao Vizcaya Argentina (BBVA) in Madrid.

AFP by Getty Images

European stocks rose Monday, helped by data showing Asian economic recovery. And Europe is also struggling to catch up with COVID-19. Spanish banks rallied after the BBV reached an agreement to sell its US division.

After 5% of initial data from Pfizer’s coronavirus vaccine last week, it is 90% effective, Stocks Europe 600 SXXP,
+ 0.74%
0.8% added.

IBX 35 IBX of Spain,
+ 2.01%
More than 2% French CAC 40 PX1,
+ 1.29%
1.1%, and the German DAX DAX,
+ 0.66%
And UK FTSE 100 UKX,
+ 0.79%
Also obtained.

Dow Jones Industrial Futures on the Industrial Average YM100,
+ 0.93%
Increased by 282 points.

Recovery is accelerating in the world’s second-largest economy, with China’s industrial output surging 6.9 percent and retail sales growing 3.3 percent in the 12 months to October. Japan’s third-quarter GDP grew more than 5% in the third quarter from the forecast. China and Japan are also signatories to the Regional Comprehensive Economic Partnership, which includes free trade agreements with 15 Asian countries except India.

The U.S. hospitalization record for COVID-19 reached a record high on Sunday, according to data from the COVID-19 project. After meeting a member of parliament who was infected with the virus, however, no symptoms were reported. Cases are on the rise in Italy, while strict measures are being taken in Germany to combat CIVID-19.

It is also an important week for negotiations on trade deals between the UK and the EU, as the current terms expire at the end of the year.

BBVA BBVA,
+ 16.00%

BBVA,
+ 4.76%
P.N.C. Financial Services PNC On its U.S. Operations increased 17% after consent to sell.
+ 1.47%
.6 for 11.6 billion. News sent to Banks Subdale SAB,
+ 14.24%
As BBV helped revive speculation before it could buy it, an increase of up to 12%. BANCO SANTENDER SAN,
+ 23.23%

Sen,
+ 4.70%
Increased by 5%.

Vodafone Group VOD,
+ 3.56%

VOD,
+ 4.06%
phone. The mobile phone operator operator reported a 1.9% decline in half-yearly adjusted revenue before its interest, devaluation and redemption, with an increase of rose%. Vodafone maintained its dividend and reaffirmed its free cash flow and EBITDA guidance.

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