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European stocks closed higher on Friday, extending a winning streak to seven months. Investors reacted to corporate earnings and news of a US presidential nominee for the Federal Reserve. Banks led gains, with Spanish lender Caixabank seeing a significant rise. Swiss watchmaker Swatch and German sportswear maker Adidas also reported positive results. However, some companies faced weaker-than-expected earnings.
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In a strategic move, Canara Bank will raise 4,000 crore through tier-2 bonds by the end of March, aiming to support a promising 13% increase in fiscal year advances. With board approval for a more ambitious fundraising strategy, the bank also plans to reinvest profits to boost its expansion efforts.
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The Securities and Exchange Board of India has given the National Stock Exchange the go-ahead for its initial public offering. This marks a significant milestone after a decade of planning. The NSE's IPO is anticipated to be the largest in terms of size and post-market capitalization. Investor interest is high, with a surge in retail participation in unlisted shares.
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