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.
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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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