European shares rise with the support of banks and positive business results

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jump stokes cursor 600 European 0.6 percent by 0716 GMT, with the rise of the Banks 1.4 percent topping the gaining sectors.

finished Wall Street Monday’s volatile session was on the rise, 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, when policymakers are expected to announce a 50 basis point interest rate hike.

German bond yields also hit new highs.

The French bank BNP Paribas 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 targets for 2025.

Shares of energy group BP rose 1.6 percent, as it boosted its share buyback program after net profit rose to its highest level in more than 10 years.

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jump stokes cursor 600 European 0.6 percent by 0716 GMT, with the rise of the Banks 1.4 percent topping the gaining sectors.

finished Wall Street Monday’s volatile session was on the rise, 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, when policymakers are expected to announce a 50 basis point interest rate hike.

German bond yields also hit new highs.

The French bank BNP Paribas 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 targets for 2025.

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Shares of energy group BP rose 1.6 percent, as it boosted its share buyback program after net profit rose to its highest level in more than 10 years.

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