European stock markets reached a new peak on Friday. This surge was fueled by lower than anticipated U.S. inflation figures. Hopes for reduced trade friction between the U.S. and China also contributed to the positive sentiment. Investors reacted to a series of company earnings reports. The continent-wide STOXX 600 index saw an increase. Major regional indexes also ended higher.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.