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.
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.
Source : Bloomberg
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