![Radiocor News](/notizie/radiocor/logo-radiocor.jpg)
Europe shares end higher after first ECB rate cut since 2019 -2-
(Il Sole 24 Ore Radiocor) - London, 06 Jun - In European stock market dealings, banks were mostly higher as traders believe that the European Central Bank probably won't aggressively cut interest rates in the coming months, judging that the battle against inflation hasn't yet been won. This is considered positive for lenders which have seen their top lines boosted by higher interest rates for the past couple of years.
In Milan, UniCredit rose 2.54% at 36.50 euros. While in Paris, Societe Generale added 0.04% at 26.01 euros and BNP Paribas closed 0.94% higher at 66.85 euros. In Copenhagen, Novo Nordisk gained 3.96% at 973.30 Danish crowns amid continued upbeat demand for its blockbuster weight loss drug, Wegovy.
AAA-Zap
(RADIOCOR) 06-06-24 19:19:51 (0690) 5 NNNN