[BENGALURU] European shares finished higher on Friday as some strong earnings and data showing US economic growth in the first-quarter beat expectations helped cut losses from earlier in the session.
In April, its has so far gained over 3 per cent, on course to extend monthly gains to a fourth straight month.But, Stoxx 600 had briefly retraced session highs hit on the data as investors digested that the burst in growth was driven by temporary factors that are likely to reverse in the coming quarters.While most country indexes rose, London's energy-heavy FTSE 100 ended lower as a fall in crude prices hurt oil majors.
Safran followed, up 3.4 per cent, after it outpaced revenue growth plans in the first quarter. Along with positive outlook by Renault and Ford and Valeo, it took Europe's auto sector 0.9 per cent higher.
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Europe: Shares dip on disappointing earnings, growth worries[BENGALURU] European shares slipped on Thursday as weak earnings from Nokia and news of failed attempts at mergers added to a downbeat mood on renewed fears of a slowdown in global growth. Read more at The Business Times.
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US: Corporate earnings drive shares in opposite directions[NEW YORK] A bruising earnings report from industrial giant 3M dragged the Dow lower on Thursday but strong results from Microsoft and Facebook boosted the Nasdaq. Read more at The Business Times.
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Europe: London stocks open higher; eurozone flat[LONDON] London's benchmark FTSE 100 index climbed 0.3 per cent to 7,480.32 points on Tuesday after a surge in oil prices boosted shares in heavyweight energy companies BP and Shell. Read more at The Business Times.
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Europe: Stocks slip at open[LONDON] European stock markets edged downwards in opening trade on Thursday, with London's benchmark FTSE 100 index 0.2 per cent lower at 7,457.21 points. Read more at The Business Times.
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