RPT-Defensives, upbeat earnings lift European shares

  • Reuters
  • Stock Market News
RPT-Defensives, upbeat earnings lift European shares
Credit: © Reuters.

(Repeats with no change to text or headline. For a live blog on European stocks, type LIVE/ in an Eikon news window)

May 12 (Reuters) - European shares edged higher on Tuesday following a clutch of upbeat quarterly earnings reports, but investors remained cautious of a resurgence in new coronavirus cases as hard-hit economies lift lockdowns.

The pan-European STOXX 600 index .STOXX rose 0.4% by 0726 GMT, with gains STILL led by telecoms .SXKP , healthcare .SXDP and utilities .SX6P - sectors that investors seek during times of economic uncertainty.

Boosting UK's FTSE 100 .FTSE , Vodafone 's shares VOD.L jumped 3.9% after the world's second-largest mobile operator met expectations with a 2.6% rise in full-year core earnings and maintained its full-year dividend payout. broadcaster ProSiebenSat.1 Media PSMGn.DE surged 10.2% to the top of STOXX 600 after U.S. private equity house KKR KKR.N revealed that it had acquired a stake of 5.2% in the struggling company. in Europe followed a risk-averse mood in Asian trading hours after the Chinese city of Wuhan, where the pandemic originated, reported its first new cases since its lockdown was lifted.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or


Related Articles