European shares bounce back

LONDON, Dhu-AlHijjah 18, 1437, September 19, 2016, SPA — European shares rose on Monday, marking a slight rebound after two straight weeks of losses, as gains in banking and energy company shares lifted the region’s stock markets, Reuters reported.
The pan-European STOXX 600 index, which had fallen to a six-week low on Friday, rose 0.7 percent. The STOXX 600 remains down by 7 percent so far in 2016.
A rise in the shares of heavyweight banking stocks, which had slumped on Friday following a threatened $14 billion fine on Deutsche Bank from U.S. authorities, added the most points to European stock markets.
Firmer oil prices also propped up markets, with the STOXX Europe 600 Oil & Gas index advancing 1.6 percent.
–SPA
13:44 LOCAL TIME 10:44 GMT