European shares gain on strong corporate results
Last Updated at 09:14 ET
Market index Current value Trend Variation % variationDow Jones 12266.75 Up 65.16 0.53%Nasdaq 2744.97 Up 9.59 0.35%S&P 500 1312.62 Up 7.48 0.57%FTSE 100 6029.37 Up 132.50 2.25%Dax 7235.13 Up 195.82 2.78%BBC Global 30 5717.62 Up 55.06 0.97%
Data delayed by 15 mins
Stock markets across Europe have seen big gains following a raft of strong corporate earnings reports.
The UK’s benchmark FTSE 100 rose 2.2% to 6,024.86, fuelled by mining stocks as the price of gold reached a record high above $1,500 an ounce.
Germany’s Dax index rose by 3% and French stocks were also higher.
Companies such as Goldman Sachs, Intel and IBM reported strong results on Tuesday, with results from Apple and American Express due on Wednesday.
Shares in UK miners Xstrata and Antofagasta gained more than 3% each.
UK chipmaker Arm Holdings also gained after US rival Intel said first-quarter earnings had risen by 29% to $3.16bn (£1.95bn).
Fellow chipmakers in Europe joined the upwards trend. Germany’s Infineon rose 4% and STMicroelectronics was almost 5% higher in Paris.
Shares in UK film studio Pinewood Shepperton, the home of Harry Potter and James Bond, rose 4% after it received an approach from a possible second bidder.
Italian car maker Fiat rose 4.3% after it reported a trading profit of 251m euros, slightly above analysts’ forecasts.
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