Lloyds Banking Group and Royal Bank of Scotland and Deutsche Bank will lead the bidding at the stock market today

Lloyds Banking Group and Royal Bank of Scotland will go up

In brief: Lloyds Banking Group and Royal Bank of Scotland will be the leaders of the European stock market trading today.

European stock market in the banking sector showed a significant plus. Lloyds Banking Group and Royal Bank of Scotland shares of the UK went up by 0,2% and 0,9% respectively. Securities of Deutsche Bank rose in price by 0,6%, the French BNP Paribas and Credit Agricole – on 0,7%.

Among the reports of European companies investors are interested in the report of the Swedish-Finnish telecommunication company TeliaSonera AB. Net profit in II quarter of 2010. increased by 17% – to 5.23 billion kronor (€ 548 million) compared with 4.46 billion kronor for the corresponding period a year earlier. The company’s sales declined 2% and amounted to 26.96 billion kronor (€ 2,82 billion) against 27.42 billion kronor a year earlier. This figure exceeded company forecasts of analysts, but it did not help it strengthen its position on the trading floors, the company’s shares have fallen in price on 1,2%.

Igor Tringlers
2010-07-21 22:38, Economics.

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