Europe Markets: Europe’s indexes buoyant after buyback announcements from Lloyds and Glencore

The majority of Europe’s indexes remained buoyant on Wednesday, as buyback announcements from heavyweights Lloyds Banking Group PLC and Glencore PLC lifted share prices and kept markets mostly positive.

News of the buybacks helped counter lower profits at both firms, and a merger blow handed out by the U.K.’s Competition and Markets Authority to supermarkets J Sainsbury PLC and Asda Group Ltd, the U.K. subsidiary of Walmart Inc.

How are markets performing?

The Stoxx Europe 600 SXXP, +0.24% gained 0.1% to 369.44 on Wednesday, after finishing 0.2% down on Tuesday.

Spain’s IBEX 35 IBEX, +0.46% led the region’s gainers adding 0.4% to 9,173.50, while the German DAX climbed by 0.2% to 11,331.97 and France’s CAC 40 PX1, +0.23% rose by 0.1% to 5,167.62.

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