European shares open higher on earnings-driven optimism
The pan-European STOXX 600 was up 0.3%, as of 0720 GMT, to its highest levels in more than one month
kicked off trade on an upbeat note on Wednesday, boosted by beer maker and Germany's following strong , while investors also mulled the fate of from major .The pan-European was up 0.3%, as of 0720 GMT, to its highest levels in more than one month. The benchmark index jumped over 1% to a record closing high on Tuesday.
Shares of spiked nearly 13% as the maker raised its 2024 outlook after its second-quarter results trounced expectations.
World's largest beer maker climbed 4.8% after first-quarter sales rose 2.6%, in line with expectations, and volumes came in better than expected, steering a 1.4% advance in the food and beverages index.
Supermarket group rose 4% after a first-quarter beat, while German advanced 5.3% after its first-quarter sales came in line with market view.
lost 4.7% as the automaker forecast a dip in pre-tax profit this year, while Swedish builder dropped 4.2% after a smaller-than-expected rise in first-quarter operating earnings.
Source: Stocks-Markets-Economic Times
