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, .STOXX, URTH, .FTMIB, MAERSK.B-DK, .GDAXI, UBS, BABA, UBSG-CH, .FTSE, .SPX, OCI-NL,
Keywords: ubs group ag, business news, ap moeller - maersk a/s, stoxx 600, alibaba group holding ltd, breaking news: europe,
Source: https://www.cnbc.com/2023/03/29/european-markets-live-updates-stocks-news-data-and-earnings.html