European shares set new 2-week high, Commerzbank gains

miércoles 31 de agosto de 2016 05:06 GYT
 

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* STOXX Europe 600 index up 0.3 pct

* Commerzbank gains on merger report

* Miners track weaker metals prices

By Atul Prakash

LONDON, Aug 31 (Reuters) - European equities set a new two-week high on Wednesday, with gains for shares including Germany's Commerzbank and French construction-to-media conglomerate Bouygues offsetting losses in the mining sector.

Financials were in demand, with Commerzbank rising 4.5 percent after Germany's Manager Magazin reported that Deutsche Bank had considered a merger with the bank.

Commerzbank shares also got support from Deutsche Bank Chief Executive John Cryan Europe saying Europe needs to see more banking mergers for the sector to be become more profitable.

Deutsche Bank rose 3.7 percent, while Dutch-based insurer Aegon was up 5 percent.   Continuación...