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The Eurozone stock markets are growing thanks to Deutsche Bank

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The Eurozone stock markets are growing thanks to Deutsche Bank

The Eurozone stock markets are growing thanks to Deutsche Bank
September 28
12:30 2016

On Wednesday the bidding on European stock markets started with the upward correction of indexes due to the growth of commodity sector securities. Meanwhile, the shares of Deutsche Bank have moved away from the lows to which they fell on the previous session.

By the beginning of the day the pan-European index FTSEurofirst 300 has risen by 0.95 percent. STOXX 600 Index has jumped by 0.99 percent. Germany’s DAX index has risen by 0.93 percent, the French CAC 40 -by 1.01 percent. The British index FTSE 100 has added 0.68 percent.

The overall index of mining and metallurgical companies has jumped by 0.96 percent due to the increase in metal prices. At the same time the grown in the oil price has strengthened the energy sector by 1.18 percent.

Shares of Deutsche Bank have risen by 2.75 percent against the news that Deutsche Bank CEO John Cryan ruled out the possibility of the capital increase. In his speech the head of Deutsche Bank denied the information that the bank had asked for the government help in order to settle the problems associated with the claims by the US Department of Justice.

Securities of TUI have risen by 2.02 percent, as the tour operator has increased its profit forecast for the year. Shares of Kone Company that produces elevators have fallen by 2.56 percent due to the fact that the company has left targets unchanged.

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