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6/26/2017, 6:02 PM (Source: TeleTrader)
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Stocks in Europe finish stronger on bank bailout

European equities strengthened on Monday and gold tumbled to the weakest point in five weeks, as lenders mostly led the way on the news Italy is bailing out two ailing banks. 

The FTSE 100 added 0.4%, with Whitbread surging 2.37%. Royal Bank of Scotland was among the best performers, jumping 1.83%, while HSBC was also in the winners pack, rallying 1.4%. The DAX closed 0.29% in the green in Frankfurt, where Lufthansa's jump of 3.06% outpaced only Commerzbank, which increased 2.16%. The CAC 40 strengthened 0.56% and Italian FTSE MIB ended the session up 0.87%. Gold traded 1.08% down, at $1,243.2 per ounce, after dipping to $1,237.07, the lowest since May 17.

Breaking the News / IT