European stocks edge up, lifted by financials

lunes 8 de agosto de 2016 12:03 GYT
 

* STOXX 600 ends slightly higher

* Barclays rises on Exane upgrade, boosts banking sector

* PostNL surges after Q2 results

* Meggit rises after investor takes stake (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

By Sudip Kar-Gupta and Alistair Smout

LONDON, Aug 8 (Reuters) - European stock markets rose on Monday, propped up by gains in the shares of major banks and other financial stocks, while Dutch firm PostNL surged after results.

The pan-European STOXX 600 index edged up 0.04 percent, with Germany's DAX, Britain's FTSE and France's CAC all 0.1-0.6 percent higher.

The STOXX Europe 600 Bank index advanced 1.4 percent, helped by a 3.6 percent rise at Barclays after Exane BNP Paribas upgraded Barclays to "outperform" from "neutral".

Insurers also rose, up 1.5 percent, while basic resources stocks were up 1.7 percent as miners rallied on stronger copper and iron ore prices.   Continuación...