European Shares Rise on Banks, Miners
August 23 2016 - 4:30AM
Dow Jones News
Banks and mining companies led gains in European stock markets
early Tuesday as investors waited for fresh data on the health of
the region's economy.
Business surveys due later in the session will help show how
European economies have fared since the U.K.'s Brexit referendum,
and will be closely watched by officials at the European Central
Bank before their meeting on Sept. 8.
The Stoxx Europe 600 was up 0.5% in the early minutes of
trading, shrugging off a fresh fall in crude oil prices and a mixed
session in Asia.
Earlier, shares in Japan fell 0.6% as the dollar retreated
against the yen, weighing on shares of export-heavy car companies.
Investors there were also focused on a speech from Bank of Japan
Governor Haruhiko Kuroda, after he hinted in an interview over the
weekend at a further cut to interest rates.
Shares in Hong Kong were slightly lower, while Australia's
S&P ASX 200 was up 0.7%, led by stocks of major banks as
investors focused on corporate earnings.
In commodities, Brent crude oil was down 0.4% at $48.96 a barrel
after its steepest daily drop this month. The decline in oil prices
sent the S&P 500 to a slightly lower close in another day of
low volume trade.
Robb M. Stewart contributed to this article.
Write to Riva Gold at riva.gold@wsj.com
(END) Dow Jones Newswires
August 23, 2016 04:15 ET (08:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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