Lenders Lead European Stocks to Best Monthly Jump Since October
- Stoxx 600 banks post biggest monthly rise since February 2015
- Data show slowdown in euro-area economy; inflation accelerates
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European shares extended their biggest monthly gains since October, with banks leading the gains amid earnings results.
Barclays Plc jumped 5.5 percent as fixed-income trading revenue outperformed European rivals and it said the non-core unit will weigh less on profit in 2017. Banco Bilbao Vizcaya Argentaria SA rose 3.7 percent after reporting quarterly earnings that beat analysts’ estimates. France’s Natixis SA gained 7.6 percent as its profit and revenue topped projections. Italy’s Banca Monte dei Paschi di Siena SpA surged 6.3 percent after receiving a proposal to turn around the the ailing lender.