Advertisement
UK markets open in 5 hours 21 minutes

  • NIKKEI 225

    38,261.57
    +59.20 (+0.15%)
     

  • HANG SENG

    18,306.25
    -7.61 (-0.04%)
     

  • CRUDE OIL

    79.29
    +0.30 (+0.38%)
     

  • GOLD FUTURES

    2,317.30
    -5.00 (-0.22%)
     

  • DOW

    39,056.39
    +172.13 (+0.44%)
     

  • Bitcoin GBP

    49,181.42
    -879.41 (-1.76%)
     

  • CMC Crypto 200

    1,309.46
    +14.79 (+1.14%)
     

  • NASDAQ Composite

    16,302.76
    -29.80 (-0.18%)
     

  • UK FTSE All Share

    4,544.24
    +21.25 (+0.47%)
     
Money:

How to make a tax-free income

Tips for making money that won't be taxed

European shares boosted by banks and commodities

Reuters - UK Focus

LONDON, Feb 12 (Reuters) - European rose on Friday, rebounding from the previous session's steep losses, with encouraging results from Commerzbank (Xetra: CBK100 - news) and a rally in oil prices helping banks and commodity-related stocks to regain ground.

The pan-European FTSEurofirst 300 was up 1.4 percent at 1,212.47, having closed down 3.7 percent on Thursday, when a slump in banks and resource-related stocks pushed the index to a 2-1/2 year low.

Banks were in favour on Friday, with Commerzbank (Amsterdam: CM6.AS - news) up 12 percent after it returned to profit in the fourth quarter as provisions for bad loans fell, allowing it to draw a line under a six-year restructuring by announcing to close its 'bad bank' comprising non-core assets.

In all, the STOXX 600 Banks index rose 2.6 percent.

The oil and gas sector rose 2.7 percent after a rally in oil which left crude prices up nearly 4 percent.

(Reporting by Alistair Smout)