European Stock Markets on Growth

European stock markets opened on a rising pace after gains recorded on Wall Street and Asia. Banks are the centre of attention today as the vast majority of them passed the endurance test last week making them talk of the town today between investors and speculators trading, investing or trading currencies. As announced Friday, the so-called stress tests minted “five Spanish banks, one German and one Greek”. At 10:05 (GMT), the pan-European FTSEurofirst 300 index rising 0.3 % noted at 1047.36 points, having closed Friday at highest since July 14th. Among banks, shares of BNP Paribas Barclays and Societe Generale strengthened from 2.2 % to 3.2 %. An increase of 2.8 % was noted on the title of BP after reports of the imminent resignation of CEO Tony Hayward