REFILE-Deutsche Bank, Lloyds earnings prop up European shares

  • Reuters
  • Stock Market News
REFILE-Deutsche Bank, Lloyds earnings prop up European shares
Credit: © Reuters.

(Corrects day of the week to Wednesday in first paragraph)

April 28 (Reuters) - European stocks inched higher on Wednesday on expectations of a bumper earnings season following strong results from Deutsche Bank , Lloyds Banking Group and other lenders.

The pan-European STOXX 600 index .STOXX rose 0.1% in early trading, with the region's banking sector .SX7P up 1.1%.

Deutsche Bank DBKGn.DE jumped 5.2% to the top of Germany's blue-chip DAX .GDAXI as strength at its investment bank helped offset headwinds from restructuring and the pandemic. London's FTSE 100 .FTSE , Lloyds Banking Group LLOY.L rose 4.2% after reporting a better-than-expected profit. SEB SEBa.ST and Spain's Santander SAN.MC also inched higher after their quarterly results. on the STOXX 600, Lysol maker Reckitt Benckiser Group RKT.L fell 2% even as the company backed its full-year outlook. at European companies in the first quarter of 2021 are expected to surge 71.3% from a year earlier, according to Refinitiv IBES data, up from last week's forecast of a 61.2% jump.

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