European Shares Stable Thanks to Strong Results

European shares stabilized on Wednesday, July 28, thanks to encouraging results from some of the continent’s largest banks and companies, overcoming investor fears about a Chinese regulatory crackdown that has worried the market this week.

The pan-European STOXX 600 index rose 0.1%, after two sessions of declines.

Germany’s Deutsche Bank rose 3.9% after better-than-expected quarterly results, while Britain’s Barclays stock jumped 4% after it announced the resumption of dividends after profits that exceeded expectations for the first half of the year.

The technology sector benefited from a 4.1% increase in the shares of French IT services provider CapGemini, after raising the company’s forecast for 2021.