Wall Street Journal: Banks, Energy Firms Help Lift European Stocks May 29, 2009 By SARAH TURNER
LONDON -- European shares rose for the fourth of five sessions on Friday, with optimism for an improving economy fueling more gains for banks such as Spain's Santander.
The pan-European Dow Jones Stoxx 600 index gained 0.1% to 208.21, leaving it up 4% in May. The U.K. FTSE 100 index climbed 0.7% to 4417.94, the German DAX 30 index rose 0.2% to 4940.82 and the French CAC-40 index advanced 0.4% to 3277.65.
Bank stocks led the market as Credit Suisse rose 2% and Santander climbed 0.7%. SEB shares advanced 2.5% after it said that it will place the majority of its activities in Estonia, Latvia and Lithuania into a separate division.
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Shares of Italian car maker Fiat declined 4.5% in a broadly higher auto sector. General Motors Corp. and auto parts group Magna International Inc. have reached an agreement in principle that could rescue GM's German Opel division…
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20090529 WSJ Banks Energy Firms Help Lift European Stocks
Related: The euro stood at $1.3993, the dollar at ¥96.60, and British pound at $1.6023. http://tinyurl.com/ltgvc7
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