European markets open higher amid quarterlies

Wednesday, 19. July 2017 09:03

Major European indexes started Wednesday in the green as investors paid attention to the latest quarterly reports and the latest developments in US politics including the failure of the Republican Party to repeal and replace Obamacare.

The DAX increased 0.31% 9:08 am CET. Lufthansa was the leader of the index, with gains of 1.70% as it increased its profit forecast for 2017.

The EuroStoxx 50 rose 0.30% 9:08 am CET. ASML Holding jumped 4.52% after the company announced a share buyback program and an increase in income of 3%. The company expects full-year sales growth of 25% if the trend continues.

France's CAC 40 gained 0.32% at 9:08 am CET. Arcelormittal and Michelin were among the top stocks.

The FTSE 100 was 0.20% higher at 9:07 am CET. Reckitt Beckinser was at the top of the board as McCormick agreed to buy RB Foods for $4.2 billion.

The euro lost 0.17% against the dollar to go for 1.15346 and the pound was 0.04% higher against the US currency, changing hands at 1.3046 (both at 9:13 am CET).

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Author:
Breaking the News / VP