German shares soar, FTSE lags on closing bell

Wednesday, 25. January 2017 18:34

The pound rallied on Wednesday, pushing lower the market value of internationally oriented companies listed in London, while other markets in the continent saw substantial gains, mostly led by banks.

The DAΧ ended 1.82% in the green at 11,806.05 points, the strongest level since mid-2015. Deutsche Bank soared 5.75%, followed by HeidelbergCement's rise of 4.14%. Commerzbank was the third in performances for the day, adding 3.59%.

The FTSE 100 settled just 0.2%, where Antofagasta spiked 4.05% to help the bluechip index remain above the flat line. EasyJet and the Royal Bank of Scotland were next at the top of the list, rising 3.38% and 3.18%, respectively.

The CAC 40 finished the session 0.98% stronger, mostly bolstered by Societe Generale's jump by 4.32% and BNP Paribas's leap of 4.16%. The FTSE MIB closed 0.42% in positive territory and the Swiss SMI indicator strengthened 1.71%. The euro was virtually flat against the dollar and the franc at 6:32 p.m. CET, while it declined 0.83% versus the pound. Sterling jumped 0.83% compared to the dollar and 0.78% relative to the Swiss currency.

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