European shares lifted by bank shares, Rubis shines

European shares rose in early trade on Monday, eliminated by bank shares when investors were preparing for a crucial week of central banking meetings, including the American Federal Reserve, while Rubis brought out after a report on the potential sale of the French company.

The Pan-European Stoxx 600 rose by 0.2% to 556.2 points, from 0711 GMT, with tariff-sensitive banks leading sectors with a profit of 0.8%.

A report of bids for Rubis from CVC Capital Partners and Trafigura has increased the shares of the fuel shop 6.7% to the top of the Stoxx 600 index. The French company is appreciated at around $ 3.5 billion.

In the meantime, Ratingsbureau Fitch reduced the sovereign creditworthiness of France as expected on Friday, which complicates the newly installed Prime Minister Sebastien Lecornu’s task while being discussions to draw up a budget.

The CAC 40 index climbed by 0.4%, with shares in domestic banks such as SOCHGEN an increase of 1.3%, while BNP Paribas and Credit Agricole each added approximately 0.9%.

The focus later this week will be the interest rate judgment of the FED. Global Market Sentiment has been floating about the expectations that the Fed Reserve will respond to signs of weakness of the domestic labor market with at least a 25-based points that were demolished this week after his meeting his first Dovish monetary policy movement this year.