Shares of lenders, insurers and other financial institutions were flat after mixed earnings reports from European banks. UBS rose slightly after the Swiss bank posted earnings rose in the second quarter but cautioned that clients were still gun-shy after volatility caused by geopolitical shocks such as Brexit. Shares of Barclays rallied even as the British bank, which was struggling with an overhaul before the Brexit vote, posted a decline in quarterly profit. Barclays' retreat from Africa and other global markets to concentrate on U.S. and U.K. operations was applauded by analysts and investors.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 29, 2016 16:43 ET (20:43 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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