Bank stocks lift European shares

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(Reuters) – European shares gained slightly on Wednesday, helped by bank stocks following strong results from Santander, but mounting concerns about the fast-spreading coronavirus kept a lid on gains.

By 0809 GMT, the pan-European STOXX 600 () rose 0.1%, continuing a recovery from a selloff earlier this week.

Spain’s IBEX () outperformed regional bourses, lifted by a 2% rise in Santander (MC:). The lender posted a higher quarterly net profit, boosted by a solid underlying performance in its main market Brazil and capital gains.

The banks index () climbed 0.5%, the most among the main European subsectors.

Shares of Apple Inc (O:) suppliers including Infineon Technologies AG (DE:), AMS AG (S:) and STMicroelectronics NV (MI:) gained after the iPhone maker beat sales and profit estimates for the holiday shopping quarter.

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