Banking Stocks, Barclays Fuels Ferrari, Sportswear Sinks

On this episode of Stock Movers:- The rally in European banking stocks shows few signs of cooling down after another stellar quarter. The Stoxx 600 Banks Index has surged 25% this year, its best three months since 2020. That’s made it the top-performing sector in Europe by far as investors keep increasing their exposure, and strategists see more gains ahead. - Ferrari gets buy-equivalent ratings at Barclays and Kepler Cheuvreux after the Italian sportscarmaker confirmed its financial guidance for the year following a recent share-price slide. Both brokers cited the firm’s “unique” resilience. - European sports apparel stocks are in focus on Friday after Lululemon Athletica shares dropped after the US brand delivered a disappointing outlook for the year and voiced concerns about consumer spending. We're watching Watch Adidas and Puma in Germany, and sports retailers JD Sports and Frasers (Sports Direct) in London.See omnystudio.com/listener for privacy information.