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European shares set new 2-week high, Commerzbank gains

Analysts said however that investors were reluctant to place strong bets ahead of a slew of US economic data this week

Reuters  |  London 

European equities set a new two-week high on Wednesday, with gains for shares including Germany's Commerzbank and French construction-to-media conglomerate Bouygues offsetting losses in the mining sector. Financials were in demand, with Commerzbank rising 4.5 per cent after Germany's Manager Magazin reported that Deutsche Bank had considered a merger with the bank. Commerzbank shares also got support from Deutsche Bank Chief Executive John Cryan Europe saying Europe needs to see more banking mergers for the sector to be become more profitable. Deutsche Bank rose 3.7 ...

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First Published: Wed, August 31 2016. 15:04 IST