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.
Barclays PLC (NYSE: BCS) shares traded in the range of $19.16 to $19.30 Tuesday before settling to close at $19.26, an increase of 1.80 percent. The stock appears to be facing some resistance at the $19.59 and $19.90 levels with some support at $18.91. Shares of Barclays have gained approximately 6.0 percent so far in 2014.
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Credit Suisse Group AG (NYSE: CS) shares traded in the range of $32.98 to $33.25 Tuesday before settling to close at $33.12, an increase of 1.16 percent. The stock appears to be facing some resistance at $33.84 with some support at the $32.54 and $31.60 levels. Shares of Credit Suisse have gained approximately 7.0 percent so far in 2014.
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Deutsche Bank AG (NYSE: DB) shares traded in the range of $52.37 to $53.31 Tuesday before settling to close at $53.20, an increase of 2.39 percent. The stock appears to have some support at the $51.88, $50.82 and $49.38 levels. Shares of Deutsche Bank have gained approximately 10.0 percent so far in 2014.
More information on Deutsche Bank and access to the free equity report can be found at:
UBS AG (NYSE: UBS) shares traded in the range of $20.55 to $20.82 Tuesday before settling to close at $20.77, an increase of 0.68 percent. The stock appears to be facing some resistance at the $20.83 and $21.25 levels with some support at $20.32. Shares of UBS have gained approximately 8.0 percent so far in 2014.
More information on UBS and access to the free equity report can be found at:
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