LONDON -- European equity markets are mostly holding near flat today as volumes remain thin thanks to the U.K. bank holiday. Data from Germany this morning showed business confidence has fallen for the fourth consecutive month, with the eurozone sovereign-debt crisis continuing to curb growth and expectations of economic recovery on the continent.
Meanwhile, a newspaper report in Germany said the Chancellor Merkel warned members of her coalition to watch what they say regarding the Greek exit from the euro, reinforcing her commitment to doing all it takes to keep the euro together. The German DAX
As always, the following price moves are based on this morning's European trading.
Elsewhere, BNP Paribas (NASDAQOTH: BNPQY.PK) is up 2% following a newspaper report saying it will begin to receive offers for its Egyptian consumer banking unit within the next few days. The Egyptian newspaper Al-Shorouk said banking officials in the country confirmed the French bank could be selling its local unit for around $400 million.
Also in the financial sector, Deutsche Bank
This news comes just days after Deutsche Bank's structured-products arm was sued by the Federal Housing Finance Agency in the U.S., which claimed Deutsche Bank failed to fulfill its requirements of repurchasing loans that had been pooled and securitized.
On the downside, pharmaceutical major Sanofi
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Karl Loomes does not own any share mentioned in this article. The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.