European Stocks Gain on Earnings Boost, Robust Business Activity

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessEuropean Stocks Gain on Earnings Boost, Robust Business ActivityEuropean stocks gained on Friday as upbeat earnings and stronger-than-expected business activity across the euro zone buoyed sentiment.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.hlslnpfzykjtrzin0qm7]f82_media_dl_1.png Bloomberg(Bloomberg) — European stocks gained on Friday as upbeat earnings and stronger-than-expected business activity across the euro zone buoyed sentiment.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Stoxx Europe 600 Index rose 0.8% by the close in London, extending gains after a Reuters report that Pakistan is exploring a path toward resuming stalled US and Iran talks following a push initiated by China. SAP SE advanced 9.3% and was the biggest boost to the benchmark after the software company reported cloud revenue that grew faster than expected. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe media as well as travel and leisure sectors outperformed, while energy and telecom shares were the biggest laggards.Data showed euro-area private-sector activity improved much more than expected in July, returning to levels seen before the Middle East war.European stocks have traded in a tight range since hitting a record earlier in July as investors balanced a solid corporate earnings outlook against rising geopolitical risks. Tariff worries are also returning after the US said it would collect duties of between 10% and 12.5% on imports from most major trading partners.Meanwhile, the reporting season is off to a strong start. MSCI Europe firms have so far posted a better-than-expected 12% jump in second-quarter earnings, according to data compiled by Bloomberg Intelligence.Focus next week will be on key interest-rate decisions from the Federal Reserve and the Bank of England. “Next week is going to be a big one and the messaging from the central banks is likely to be key,” said Michael Hewson, senior market analyst at iForex. “What I don’t see is a big selloff in equity markets. I just see an awful lot of choppiness and volatility.”In other earnings-driven moves, Volkswagen AG was down 2.0% after cutting its revenue expectations for the year. Neste Oyj slumped 6.4% after the Finnish renewable fuels and energy company posted disappointing second-quarter earnings.For more on equity markets:Tech Names Find Investors Much Harder to Please: Taking StockM&A Watch Europe: Allianz, HSBC, Dangote, Accor, EssendiData Centers Propel Volex to London’s Main Market: ECM WatchUS Stock Futures Unchanged; Amkor Technology, Tenet GainPint-Sized Relief: The London RushYou want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance. To subscribe to a daily list of European analyst rating changes, click here.—With assistance from Julien Ponthus.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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