Financial stocks continued to rise in price on expectations that the policy of the new US president Donald Trump will be favorable for the financial sector.

During the election campaign Trump promised to increase government spending, which, according to experts, will lead to higher inflation and force the Federal Reserve to accelerate the pace of rate hikes. Against this backdrop, government bond yields are rising around the world.

In addition, the pre-election statements allow investors to make a conclusion about the possibility of significant breaks for financial sector regulation and mitigation.

The composite index of the largest companies in the region Stoxx Europe 600 rose 0,2%, to 339.45 points.

Shares of Deutsche Bank rose 0,6%, Italian Ubi Banca by 2.3%, the British Barclays by 0.4%.

UBS Group and Credit Suisse Group AG, receiving more than 35% of its revenue from operations in the US, added 0.7% and 2.3%.

The cost of securities of the British Standard Life, working in the insurance and asset management, had jumped by 1.6%.

Fresnillo shares fell 4,9%, Randgold by 5.1% due to the decline in gold prices.

The capitalization of Allianz increased by 2.9%. The largest insurer in Europe by revenue and market value has increased net profit in the third quarter of 2016 by 37%, in particular due to the significant improvement in performance in the field of life insurance and health insurance, and confirmed the operating profit forecast for the full year.

The management company Pimco, owned by Allianz, in July-September, recorded a net inflow of funds of 4.7 billion euros.

At the moment:

FTSE 6760.03 -67.95 -1.00%

DAX 10634.21 4.09 0.04%

CAC 4494.63 -36.32 -0.80%