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DAX Rallies As Banks Rebound
(RTTNews) - German stocks were sharply higher on Wednesday as banks recovered from steep losses in the previous session.
The benchmark DAX was up 190 points, or 1.2 percent, at 15,964 after losing 1.1 percent in the previous session.
The euro edged up against the dollar ahead of U.S. inflation readings this week that might influence the Fed's rate trajectory.
Commerzbank climbed 1.7 percent and Deutsche Bank soared nearly 3 percent after the Italian government clarified that its 40 percent windfall tax on banks would not amount to more than 0.1 percent of their total assets.
Delivery Hero jumped almost 8 percent after the online takeaway food company upgraded its revenue guidance.
Automotive parts manufacturer Continental added 1.6 percent despite cutting its sales outlook for the year.
Canadian Dollar Falls Against Most Majors
Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
Swiss Market Ends Marginally Up
Major European Markets Close On Mixed Note
Positive Start Seen For Canadian Stocks
UK Market Roughly Flat; Mining Stocks Move Higher
CAC 40 Climbs Higher For 3rd Straight Day
