European Stocks Tread Water in Light Trading as UK, US Closed [BNN Bloomberg (Canada)]
JULIUS BAER GRP UNSP/ADR (JBAXY)
NASDAQ:AMEX Investor Relations:
juliusbaer.com/group/en/investors
Company Research
Source: BNN Bloomberg
The Stoxx 600 Index traded 0.2% higher as of 2:51 p.m. in London, with auto and rates-sensitive utilities stocks among those faring best, while banks and technology shares posted modest declines. The ECB shouldn't rule out lowering borrowing costs at both its June and July meetings, Governing Council member Francois Villeroy de Galhau said — pushing back against other monetary officials who are uncomfortable with the idea of consecutive cuts. Among individual movers, EFG International AG gained following a Bloomberg news report after the market close Friday that Julius Baer Group Ltd. is exploring a potential acquisition of its rival Swiss private bank. Julius Baer slipped 1.7%. Europe's better-than-feared earnings season has provided support for an historic stock rally, but investors' focus may now shift to a still-uncertain macro picture. The advance in equities has also slowed as questions over the pace and extent of interest rate cuts mounts. Read more: Not Everyone Is Bu
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News
- EFG International Shares Jump on Julius Baer Deal Speculation [Yahoo! Finance]Yahoo! Finance
- EFG International Shares Jump on Julius Baer Deal Speculation [BNN Bloomberg (Canada)]BNN Bloomberg
- European Stocks Tread Water in Light Trading as UK, US Closed [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Julius Baer considering potential takeover of Swiss rival EFG, Bloomberg News reports [Yahoo! Finance]Yahoo! Finance
- Arc & Co expands its advisory staff [Yahoo! Finance]Yahoo! Finance