ISP NEWS
Frankfurt Stock Exchange
Investing.com - European markets opened lower on Monday, as upbeat German economic data last week continued to lend broad support to the euro.
The EURO STOXX 50 slipped 0.11%, France’s CAC 40 fell 0.15%, while Germany’s DAX 30 was down 0.14% by 03:35 a.m. ET (07:35 GMT).
The signe currency was boosted after data on Friday showed that German business confidence hit a record high in November, putting the euro area’s largest economy on track for a boom.
The data came one day after official data showed exports and rising business investments were the main drivers of euro zone growth in the third quarter, indicating that the robust upswing will extend well into next year.
Financial stocks were mixed, as BNP Paribas (PA:BNPP) slipped 0.17% and Societe Generale (PA:SOGN) inched up 0.03% in France, while Commerzbank (DE:CBKG) gained 0.79% and Deutsche Bank (DE:DBKGn) lost 1% in Germany.
Among peripheral lenders, Intesa Sanpaolo (MI:ISP) slid 0.35% and Unicredit (MI:CRDI) inched 0.06% higher in Italy, while BBVA (MC:BBVA) rallied 1.97% and Banco Santander (MC:SAN) dropped 0.50% in Spain.