European shares rise, Stoxx 600 up 0.2%, ahead of bank earnings reports.

European shares rose on Monday, with the Stoxx 600 up 0.2%, as investors prepared for bank earnings reports later in the week. Portuguese oil firm Galp saw its stock surge to a 16-year high after a positive update on its gas exploration in Namibia. Investors are expected to get a clearer picture of whether higher interest rates are still boosting profits or if a year-long share price rally will run out of steam. Bank earnings from BNP Paribas, Deutsche Bank, Barclays, and Lloyds will be reported later in the week.

April 22, 2024
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