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