European stocks higher amid positive earnings reports

Source: Bloomberg
© ScanPix/AFP
Equities in Europe rose on Wednesday against the background of positive earnings reports and mostly solid services PMIs from Europe. The French CAC 40 added 1.04%, the UK FTSE 100 gained 0.29%, and the German DAX advanced 1.03%, while pan-European Stoxx 50 increased 0.93%. Among the major gainers were carmakers, commodity producers and French bank Societe Generale, which surged 8.3%.
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