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8/1/2016, 9:28 AM (Source: TeleTrader)
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Stocks rally early into European trading

European equities climbed on opening on Monday after information from the bank stress test sank in, with financials and commodities sector pushing markets higher. The FTSE 100 rose 0.4% at 9:06 a.m. CET, with growth mostly driven by the materials section: BHP Billiton rallied 2.33% and Anglo American firmed 1.83%. Associated British Foods was the best performing stock with 3.12% in positive territory.

The DAX index advanced 0.96% at 9:04 a.m. CET, with all constituents in the green. Deutsche Bank jumped 2.74%, followed by Commerzbank at the top of the chart, with 1.74% in positive territory. Henkel, Deutsche Börse, Beiersdorf and Fresenius were insignificantly above the flat line as the worst performers at the opening of the session.

The CAC 40 was 0.47% up in Paris at 9:05 a.m. CET. Italian FTSE MIB added 1.47% at 9:09 a.m. CET, led by troubled Banca Monte dei Paschi di Siena, surging over 6% despite coming in worst in the European Central Bank's stress test results. Most banks were lined up right behind in the winners camp. 

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