Black Friday Sale! Save huge on InvestingProGet up to 60% off

RPT-Defensives, upbeat earnings lift European shares

Published 12/05/2020, 08:55
Updated 12/05/2020, 10:18
© Reuters.
UK100
-
VOD
-
PSMGn
-
STOXX
-
SX6P
-
SXKP
-
SXDP
-

(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. German 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. Gains 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.