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Europe stocks rise; UBS up 3% after bank announces Ermotti to return as CEO - TL;DR CNBC

Europe stocks rise; UBS up 3% after bank announces Ermotti to return as CEO

Publishing timestamp: 2023-03-29 08:55:53


Summary

European stock markets were higher on Wednesday, with banks up 1.5% and tech stocks reversing Tuesday's decline with a 1.7% gain. UBS announced that Sergio Ermotti would return as group CEO from April 5 following the recent acquisition of Credit Suisse. Meanwhile, French authorities searched the offices of several large banks on suspicion of money laundering and fiscal fraud. Asian markets were mostly higher, and U.S. stock futures ticked higher after major averages declined on the back of higher bond yields.


Sentiment: NEUTRAL

Tickers: .FCHI.STOXXURTH.FTMIBMAERSK.B-DK.GDAXIUBSBABAUBSG-CH.FTSE.SPXOCI-NL

Keywords: ubs group agbusiness newsap moeller - maersk a/sstoxx 600alibaba group holding ltdbreaking news: europe

Source: https://www.cnbc.com/2023/03/29/european-markets-live-updates-stocks-news-data-and-earnings.html


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