Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Euro, euro zone bank shares rise as ECB's Lagarde notes economic recovery

Published 12/12/2019, 09:55 PM
Updated 12/12/2019, 09:56 PM
© Reuters. Euro, euro zone bank shares rise as ECB's Lagarde notes economic recovery
DE10YT=RR
-
SX7E
-

Dec 12 (Reuters) - The euro firmed and shares in euro zone
banks rose on Thursday as European Central Bank president
Christine Lagarde said the bloc was headed for a slow and steady
economic recovery over the coming year.
She said that while risks were skewed to the downside, due
to geopolitics, protectionism and vulnerabilities in emerging
markets, they were less severe than before. The euro EUR=EBS rose to a new five-week high of $1.11540,
while against the pound it firmed to an eight-day high of 84.89
pence EURGBP= . Banking shares .SX7E were up half a percent.
Euro zone bond yields remained lower on the day, with German
Bund yields briefly touching a new one-week low at -0.34%
DE10YT=RR .

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.