Europe markets The major European markets have al
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Posted On: 05/10/2017 12:53:14 PM
Europe markets
The major European markets have all moved to the upside on the day. While the U.K.’s FTSE 100 Index has advanced by 0.5 percent, the German DAX Index is up by 0.2 percent and the French CAC 40 Index is just above the unchanged line.
Insurer AXA has risen after saying it plans to list part of its U.S. operations in New York. Dutch financial services company ING Groep has rallied after its first-quarter net profit topped estimates.
British life and health insurer Aviva has also moved higher after announcing the sale of its shareholdings in Spanish life insurance and pension joint ventures.
Barratt Developments has soared after the U.K. homebuilder said it expects pre-tax profit for the full year to be at the top end of current analyst estimates.
Meanwhile, French utility EDF has fallen marginally after reporting a slide in first-quarter sales. HeidelbergCement has also moved lower after reporting a first-quarter loss.
Roche Holding has come under pressure after its Tecentriq immuno-oncology drug failed in a late-stage clinical trial.
On a light day on the economic front, data published by the statistical office Insee showed that French industrial production recovered at a faster than expected pace in March.
Industrial production grew 2 percent from February, when it declined 1.7 percent. Output was forecast to climb 1 percent.
Another report showed that France's trade deficit declined more-than-expected in March, as exports rose faster than imports.
The major European markets have all moved to the upside on the day. While the U.K.’s FTSE 100 Index has advanced by 0.5 percent, the German DAX Index is up by 0.2 percent and the French CAC 40 Index is just above the unchanged line.
Insurer AXA has risen after saying it plans to list part of its U.S. operations in New York. Dutch financial services company ING Groep has rallied after its first-quarter net profit topped estimates.
British life and health insurer Aviva has also moved higher after announcing the sale of its shareholdings in Spanish life insurance and pension joint ventures.
Barratt Developments has soared after the U.K. homebuilder said it expects pre-tax profit for the full year to be at the top end of current analyst estimates.
Meanwhile, French utility EDF has fallen marginally after reporting a slide in first-quarter sales. HeidelbergCement has also moved lower after reporting a first-quarter loss.
Roche Holding has come under pressure after its Tecentriq immuno-oncology drug failed in a late-stage clinical trial.
On a light day on the economic front, data published by the statistical office Insee showed that French industrial production recovered at a faster than expected pace in March.
Industrial production grew 2 percent from February, when it declined 1.7 percent. Output was forecast to climb 1 percent.
Another report showed that France's trade deficit declined more-than-expected in March, as exports rose faster than imports.
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