Reuters logo
FTSE kicks off 2017 on a record high, European stocks firm
January 3, 2017 / 8:20 AM / 9 months ago

FTSE kicks off 2017 on a record high, European stocks firm

LONDON, Jan 3 (Reuters) - Strength in financials and commodity-related stocks continued to underpin European equity markets with Britain’s FTSE 100 starting the new year at a record high on Tuesday.

The pan-European STOXX 600 index rose 0.7 percent in early deals, climbing to its highest level since December 2015.

Britain’s FTSE 100 rose 0.4 to hit a fresh record high of 7,174.00 points. The UK blue-chip index had been closed in the previous session for a holiday.

Among individual stock movers, Italian banks were once again among top risers, with newly-merged Banco BPM gaining 4.6 percent on its second day of trading, building on a strong rise in the previous session.

Fellow banking stocks Credit Suisse and Bank of Ireland were also among top STOXX gainers, with the European banking index rising 1 percent.

Shares in British retailer Next were under pressure, however, after Deutsche Bank downgraded its rating on the stock to “hold” from “buy”. (Reporting by Kit Rees, Editing by Vikram Subhedar)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below