2016.11.0705:57:00UTC+00European Markets Climbed After FBI Statement

European stocks increased with uplifted sentiment over a potential victory from Hillary Clinton in the U.S. presidential elections. The Pan-European Stoxx 600 rose 0.85 percent in morning trade.

All sectors were in positive territory as basic resources stocks outperformed peers rising by over 2.3 percent. One of the best performers were banks which added more than two percent. BBVA, Ubi Banca, and Unicredit all traded higher. HSBC reported worse results as pretax profit declined 86 percent during the third quarter but shares began trading higher with over three percent. Ryanair recorded a profit after tax of 1.17 billion euros ($1.30 billion) during the first six months of this year. Shares of Ryanair jumped by over four percent. PostNL advanced 5.8 percent.