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Jul 24, 2013

European shares lifted by earnings and economic data

LONDON, July 24 (Reuters) – European shares rose early on
Wednesday as investors digested a wealth of corporate earnings,
with technology stocks boosted by strong results from U.S. tech
giant Apple, and more upbeat economic data in Europe.

By 0733 GMT, the FTSEurofirst 300 was up 7.21
points, or 0.6 percent, at 1,214.37, and is now up 8.5 percent
since hitting June lows.

Jul 22, 2013

European shares flat as investors digest mixed earnings

LONDON, July 22 (Reuters) – European shares were broadly
unchanged by midday on Thursday as mixed company earnings halted
the index’s march back towards five-year highs.

Belgian telecoms operator Mobistar slumped 27.9
percent, having cut its revenue and profit forecasts for this
year and suspended its dividend after a price war caused
earnings to tumble in the second quarter.

Jul 22, 2013

Mobistar profit alert puts lid on European share gains

LONDON, July 22 (Reuters) – European shares inched up on
Monday, buoyed near recent highs by strong results from Philips,
Julius Baer and UBS, while telecoms stocks dragged on the index
following a profit warning from Mobistar.

The Belgian telecoms operator slumped 28.5
percent, having cut its revenue and profit forecasts for this
year and suspended its dividend after a price war caused
earnings to tumble in the second quarter.

Jul 19, 2013

FTSE slip off highs after weak U.S. tech updates

LONDON (Reuters) – British shares fell early on Friday, losing momentum after weak earnings reports overnight from leading U.S. technology firms.

By 8:34 am, the FTSE 100 fell 34.15 points, or 0.5 percent, to 6,600.21 points. The index closed at its highest level since May 30 on Thursday, boosted by upbeat economic data in the UK and United States and strong earnings from U.S. banks.

Jul 19, 2013

British shares slip off highs after weak U.S. tech updates

LONDON, July 19 (Reuters) – British shares fell early on
Friday, losing momentum after weak earnings reports overnight
from leading U.S. technology firms.

By 0734 GMT, the FTSE 100 fell 34.15 points, or 0.5
percent, to 6,600.21 points. The index closed at its highest
level since May 30 on Thursday, boosted by upbeat economic data
in the UK and United States and strong earnings from U.S. banks.

Jul 18, 2013

Economic data boosts FTSE 100 to 8 week closing high

LONDON, July 18 (Reuters) – UK equities rallied firmly into
the close on Thursday as bullish economic data in Britain and
the U.S. calmed fears that the global economy may not be ready
for a wind down in stimulus.

The FTSE 100 closed up 62.43 points, or 1 percent at
6,634.36 on Thursday, its highest close since May 30, while Wall
Street’s Dow registered a new historical intraday high.

Jul 18, 2013

Retail sales pick-up buoys FTSE 100

LONDON (Reuters) – Consumer-focused stocks helped FTSE 100 outstrip gains in mainland Europe on Thursday, driven by a bigger-than-expected rise in British retail sales in June.

By 1035 GMT, general retailers and the travel and leisure sector each rose 1 percent while the FTSE 100 was up 22.10 points or 0.3 percent at 6,594.03.

Jul 18, 2013

Retail sales pick-up buoys Britain’s FTSE 100

LONDON, July 18 (Reuters) – Consumer-focused stocks helped
Britain’s main share index outstrip gains in mainland Europe on
Thursday, driven by a bigger-than-expected rise in British
retail sales in June.

By 1035 GMT, general retailers and the travel
and leisure sector each rose 1 percent while the
FTSE 100 was up 22.10 points or 0.3 percent at 6,594.03.

Jul 17, 2013

Fed testimony aids European shares recovery

LONDON, July 17 (Reuters) – A tumultuous session saw
European shares close higher on Wednesday, bolstered by
reassurances from the U.S. Federal Reserve that it will be
flexible in its stimulus-trimming plans.

The FTSEurofirst 300 closed up 7.56 points, or 0.6
percent at 1,198.71 as comments from Fed Chairman Ben Bernanke
helped the market recover from the blow of Bank of England
committee voting 9-0 against extending the bank’s bond-buying
programme, known as “quantitative easing” (QE).

Jul 15, 2013

Miners help prop up European shares after China GDP data

LONDON, July 15 (Reuters) – European shares rose on Monday
after Chinese GDP data assuaged fears of a sharp slowdown that
could hit global growth, and technical indicators pointed to
further upside.

By 1018 GMT, the FTSEurofirst 300 had risen 2.64
points, or 0.2 percent to 1,198.09.