Bank stocks lift European shares

(Reuters) – European shares gained slightly on Wednesday, helped by bank stocks following strong results from Santander, but mounting concerns about the fast-spreading coronavirus kept a lid on gains.

By 0809 GMT, the pan-European STOXX 600 () rose 0.1%, continuing a recovery from a selloff earlier this week.

Spain’s IBEX () outperformed regional bourses, lifted by a 2% rise in Santander (MC:). The lender posted a higher quarterly net profit, boosted by a solid underlying performance in its main market Brazil and capital gains.

The banks index () climbed 0.5%, the most among the main European subsectors.

Shares of Apple Inc (O:) suppliers including Infineon Technologies AG (DE:), AMS AG (S:) and STMicroelectronics NV (MI:) gained after the iPhone maker beat sales and profit estimates for the holiday shopping quarter.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.