European shares rose on Tuesday, after a series of positive business results reports, and with the rise of bank shares, supported by government bond yields reaching new highs in anticipation of faster decisions to raise interest rates.
A local Arabic daily quoting Reuters sources said the pan-European Stoxx 600 index jumped 0.6 percent by 07:16 GMT, with the banking sector rising 1.4 percent, topping the gainers.
Wall Street ended the choppy session higher on Monday, as the yield on the benchmark 10-year US Treasury bond reached 3 percent for the first time since December 2018, ahead of this week’s Federal Reserve meeting, where policymakers are expected to announce a 50-point rate hike. Basis.
The French BNP Paribas bank advanced 2.4 percent, as it announced a 19.2 percent increase in quarterly net income, supported by a significant increase in trading activities, and maintained its goals for the year 2025. The share of the energy group BP rose 1.6 percent, as It boosted its share buyback program after net profit soared to its highest level in more than a decade.