country flagالعربية
0
0

European stocks rose with reports on the merger of Germany largest bank

2019-03-18 09:17 am | Resource: News | No Views : 157



 European markets posted modest gains in early trade on Monday after German banks confirmed they were in discussions on a possible merger. Meanwhile, investors are still focusing on Britain's exit from the EU, as the government in London is trying to rally support for its deal in Britain's exit from the European Union before the third vote on Tuesday. Yesterday, British Treasury Secretary Philip Hammond said there was still insufficient support for the withdrawal agreement.

Deutsche Bank, Coms Bank launch merger talks

Deutsche Bank and Commerzbank announced on Sunday the launch of exploratory merger negotiations after months of speculation that the biggest lenders in Germany could come together.

"We confirm that we are participating in discussions with Commerzbank," Deutsche Bank said in a statement. "There is no certainty that any treatment will occur," the statement said. On the other hand, Commersbank told investors that both banks "have agreed today to start discussions with an open outcome on possible merger."

In March, the Deutsche Bank board gave the green light to start talks with rival Comersbank over a possible merger deal, while in February it was reported that a preliminary decision to allow the merger or ban was made before the European elections in May.

Market observers also expect the results of the Fed meeting in the United States with a rate decision on Wednesday.

European Stocks Open
 
  • The DAX rose 0.09% at 9:15 am. Deutsche Bank was the best performer, jumping 3.20%. Commerzbank shares rose 5.20%.
  • Meanwhile, the CAC 40 index gained 0.08%, with Societe Generale gaining 1.67%.
  • London's FTSE 100 rose 0.32%. Rio Tinto led gains as it jumped near 2%.

The euro rose 0.20% against the dollar at 1.13474 at 9:16 CET. The pound traded flat against the US currency, where it bought 1.32842 dollars.


Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.