Social Icons


Thứ Tư, 22 tháng 4, 2015

European Stocks Advance as SAP, Actelion Results Beat Forecasts - Bloomberg

@ a< href="">Sap RSS News

European stocks climbed as companies including SAP SE and Actelion Ltd. posted better-than-forecast results.

The Stoxx Europe 600 Index rose 0.6 percent to 409.12 at the close of trading. The measure extended gains to as much as 1 percent after Dutch Finance Minister Jeroen Dijsselbloem told RTL Television that some progress had been made in debt talks with Greece and a deal may still be reached by the end of the month. Shares had earlier pared their advance as a measure of German investor confidence unexpectedly fell in April.

SAP climbed 2.3 percent after reporting first-quarter sales that topped estimates as a weaker euro boosted revenue. Actelion added 5.2 percent as it increased its full-year forecast after quarterly profit beat predictions.

“A weaker euro is always helping European shares and we had some good earnings numbers from companies such as SAP, which really helps,” said Benno Galliker, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland. “It seems European companies are better than expected. There’s a good mood in the markets after the selloff last week.”

Stocks rebounded Monday from the year’s biggest weekly decline, with commodity shares leading gains after China’s central bank boosted stimulus measures.

Among other shares moving on corporate news today, Publicis Groupe SA rose 6.2 percent after posting better-than-forecast quarterly revenue aided by a weaker euro. Sky Plc added 5 percent after saying nine-month revenue increased.

Credit Suisse Group AG fell 2.1 percent after saying a key measure of financial strength dropped in the first quarter, stoking concerns the bank may have to boost capital.

Rio Tinto Group lost 2.2 percent after reporting quarterly iron ore production expanded at a slower pace than analysts estimated. A measure of commodity producers posted the worst performance of the 19 industry groups on the Stoxx 600.

Investors also watched developments in Greece. The ASE Index tumbled 3.3 percent, for the worst performance of 18 western-European markets. Piraeus Bank SA led declines on the equity gauge, falling 9.5 percent.

The European Central Bank is studying measures to rein in Emergency Liquidity Assistance to Greek banks, as resistance to further aiding the country’s lenders grows in the Governing Council, people with knowledge of the discussions said.

Euro-area finance ministers meet this week to review what policy changes the Mediterranean nation can deliver by mid-May as it seeks to unlock new aid payments and avoid a default.

Subribe Sap Feeds

Không có nhận xét nào:

Đăng nhận xét


Sample text

Sample Text

Sample Text