European Daily Market Review 16.08.19

european union flags

The leading European markets are on a stable incline this afternoon, as most investors tentatively returned to riskier assets after a turbulent week.

The pan-European Stoxx 600 advanced around 1.1% during early afternoon deals, with all sectors and major bourses in positive territory.

A serious technical issue made Britain’s FTSE-100 from opening for almost two hours on Friday morning. However, after that, the index was able to gain around 0.5%.

German lenders are in an unpleasant position versus their European counterparts. The European banking sector has had a hard time with profitability ever since the financial crisis. Many market analysts feel that the current weak interest rates from the European Central Bank (ECB) as their most significant obstacle in generating massive profit levels.