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Europe close: Bank and Technology stocks pace gains
Gains for lenders' shares and among Technology stocks saw Europe's main stockmarket gauges finish the week on an up note, with the latter extending their breakout to multi-year highs.
FTSE 100 risers: Lenders pace gains
London's second-tier index notched up a gain of 0. 76% in the final session of the week to 6,095. 41.
Morgan Stanley stays at 'underweight' on BP, sees 50% dividend cut
Analysts at Morgan Stanley reiterated their 'underweight' recommendation on shares of BP and their forecast for a 50% dividend cut in 2020.
Chinese money supply growth dips in June, but economists confident
Money supply growth in China cooled last month but some economists were confident that it would prove temporary.
BioNTech chief expects to file for approval of Covid-19 vaccine towards end 2020
The head of German biotechnology outfit BioNTech thinks that his company will be file for regulatory approval of its Covid-19 vaccine before the end of 2020.
Gilead Sciences's Remdesivir may cut Covid-19 risk of death by 62%
Gilead Sciences's Remdesivir antiviral treatment for the novel coronavirus may cut the risk of death by nearly two-thirds.
Drop in food costs weighs on US producer prices in June
Producer prices in the US continued retreating last month amid sharp drops in the cost of food and in retailers' margins.
US's Biden calls for end of era of 'shareholder capitalism'
The Democratic Party's presumptive nominee vowed on Thursday to "put an end" to an era "shareholder capitalism", saying that the days of Amazon not paying federal taxes were numbered.
Europe midday: Technology issues pace gains, extend multi-year highs
Technology stocks are spearheading gains in Europe, extending their breakout to multi-year highs.
Europe close: Stocks drop sharply despite modest improvement in US jobs market
Stocks in Europe ended the session sharply lower despite the release of data showing further modest improvement in the US jobs market over the preceding week.