European Markets - Bank Stocks Rise In Choppy Trading

European Markets - Bank Stocks Rise In Choppy Trading
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European stocks were mixed Wednesday although fading equity sentiment following a rare credit downgrade for China and the developing security situation in the U.K., where Prime Minister Theresa May increased the terrorist threat level to "critical" last night and warned that a new attack could be imminent, kept investors in a caution mood.

The region-wide Stoxx Europe 600 index held onto a modest 0.15% gain in the opening hour of trading, but regional benchmarks, including Germany's DAX performance index and the FTSE 100, drifted modestly lower. France's CAC-40 was marked 0.1% higher, thanks in part to solid gains for the country's biggest banks -- BNP Paribas SA (BNPQY) and Societe Generale SA (SCGLY) .

READ MORE: European Stocks Mixed, Oil on the Rise in Cautiously Optimistic Trading

This article was written by a staff member of TheStreet.