TE Connectivity (TEL) Tops Q1 EPS by 7c; Provides FY20 EPS/Revenue Guidance

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Go back to TE Connectivity (TEL) Tops Q1 EPS by 7c; Provides FY20 EPS/Revenue Guidance

Santander buoys European shares but coronavirus fears persist

January 29, 2020 3:31 AM EST

By Susan Mathew and Medha Singh

(Reuters) - Banco Santander and Safran ensured European shares ended higher on Wednesday, even as investors weighed the potential impact of the fast-spreading coronavirus and an economist's prediction on the world No. 2 economy further dampened sentiment.

Spain's IBEX led regional bourses, lifted by a 4.4% rise in Santander (NYSE: SAN) after the lender posted a higher quarterly net profit, boosted by solid underlying performance in its main market Brazil and capital gains.

Along with a rally in Swedish banking group SEB , which topped fourth-quarter earnings,... More