European stocks rallied Tuesday on better-than-expected Euro-zone data. The Eurostat statistics office reported industrial output for the Euro-zone increased 1.8 percent in November, which was above analysts’ expectations of 1.4 percent. Industrial output for the full 28-member European Union increased by 1.5 percent in November, following a 0.5 decline in October. "Barring a very sharp drop-back in production in December, industry is now likely to make a stronger contribution to GDP growth in the fourth quarter than it did in the third," said Jonathan Loynes of Capital Economics.
Banco Bilbao Vizcaya Argentaria SA (NYSE: BBVA) shares traded in the range of $12.87 to $13.06 Tuesday before settling to close at $13.05, an increase of 1.95 percent. The stock appears to have some support at the $12.77, $12.48 and $11.90 levels. Shares of Banco Bilbao Vizcaya Argentaria have gained approximately 27.0 percent in the past year.
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Bank of Ireland (NYSE: IRE) shares traded in the range of $17.62 to $18.18 Tuesday before settling to close at $18.12, an increase of 4.80 percent. The stock appears to have some support at the $17.11, $16.70 and $16.38 levels. Shares of Bank of Ireland have gained approximately 115.0 percent in the past year.
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National Bank of Greece (NYSE: NBG) shares traded in the range of $5.54 to $5.74 Tuesday before settling to close at $5.70, an increase of 1.24 percent. The stock appears to be facing some resistance at the $5.78 and $5.99 levels with some support at $5.54. Shares of National Bank of Greece have fallen approximately 65.0 percent in the past year.
More information on National Bank of Greece and access to the free equity report can be found at:
Banco Santander, S.A. (NYSE: SAN) shares traded in the range of $9.08 to $9.22 Tuesday before settling to close at $9.20, an increase of 1.88 percent. The stock appears to be facing some resistance at the $9.22 and $9.29 levels with some support at $9.13. Shares of Banco Santander have gained approximately 7.0 percent in the past year.
More information on Banco Santander and access to the free equity report can be found at:
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