{"id":10777,"date":"2023-04-14T14:58:36","date_gmt":"2023-04-14T14:58:36","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/european-banks-surge-on\/"},"modified":"2023-04-14T15:05:04","modified_gmt":"2023-04-14T15:05:04","slug":"european-banks-surge-on","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/european-banks-surge-on\/","title":{"rendered":"European banks surge on strong Q1 results from U.S. peers"},"content":{"rendered":"<p> (Fixes typo in first paragraph)<\/p>\n<p>By Joice Alves<\/p>\n<p>LONDON (Reuters) &#8211;     European banks surged on Friday, rising to a one-month high, gaining support from U.S. lenders, which reported better-than-expected results in the first quarter. <\/p>\n<p>The STOXX 600 index of European banks gained as much as 3% to reach its highest since mid-March after JPMorgan, Citigroup and Wells Fargo beat estimates.   <\/p>\n<p>Banks largely outperformed the broader market, with the STOXX 600 index climbing 0.6% as risk assets gained support from expectations the U.S. Federal Reserve may soon finish raising interest rates.<\/p>\n<p>Germany&#8217;s Commerzbank and Deutsche Bank rose 5% and 4.2%. Societe Generale, UBS, Credit Suisse and BPER Banca rose between 2% and 4%.<\/p>\n<p>In London, Standard Chartered shares rose 4.3% to three-week highs, Barclays shares were up 3%, touching a five-week high, while HSBC shares up 3.1% to one month highs. <\/p>\n<p \/>\n<p>(This story has been refiled to fix a typo in paragraph 1)<\/p>\n<p \/>\n<p> (Reporting by Joice Alves; Editing by Amanda Cooper)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/european-banks-surge-on\/the-logo-of-deutsche-bank-is-seen-in-brussels\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D0K7-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3D0K7-VIEWIMAGE\"><\/a><\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/european-banks-surge-on\/germanys-commerzbank-rejoins-german-share-prize-index-dax-in-frankfurt\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D0K8-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3D0K8-VIEWIMAGE\"><\/a><\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/european-banks-surge-on\/file-photo-the-logo-of-swiss-bank-ubs-is-seen\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D0KI-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3D0KI-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Fixes typo in first paragraph) By Joice Alves LONDON (Reuters) &#8211; European banks surged on Friday, rising to a one-month high, gaining support from U.S. lenders, which reported better-than-expected results in the first quarter. The STOXX 600 index of European banks gained as much as 3% to reach its highest since mid-March after JPMorgan, Citigroup [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":10778,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-10777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D0K7-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=10777"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10777\/revisions"}],"predecessor-version":[{"id":10791,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10777\/revisions\/10791"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/10778"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=10777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=10777"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=10777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}