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Europe: Shares get a lift from strong earnings, US GDP

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[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. Read more at The Business Times.

[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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