Europe stocks rise on earnings, miners; DAX gains 0.94%
Investing.com
Published Aug 17, 2010 05:57AM ET
During European morning trade, the EURO STOXX 50 rose 0.82%; France’s CAC 40 jumped 1.03% while Germany's DAX gained 0.94%.
Earlier in the day, the ZEW Center for European Economic Research said that euro zone economic sentiment rose unexpectedly in August, while German economic sentiment unexpectedly fell.
Danish brewing group Carlsberg's shares gained 1.0% after the group said it expects 2010 net income growth of 40% and profits of KR 10 billion.
Austrian brick maker Wienerberger's shares soared 6.9% after it reported a second-quarter net income of EUR 20.6 million, after a EUR 151.5 million loss the previous year.
In London, the commodity heavy FTSE 100 was up 0.99% as miners rose. Shares in Chilean copper miner Antofagasta jumped 2.19% after the Bank of America upgraded the stock to "neutral". Meanwhile, coal and copper miner Xstrata's shares gained 0.89%.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from retailers Home Depot and Wall Mart due before U.S. markets opened.
Dow Jones Industrial Average futures indicated a gain of 0.48%, S&P 500 futures pointed to a rise of 0.63% and Nasdaq 100 futures indicated an increase of 0.52%.
Later in the day, the U.S. was to produce data on producer price inflation. The country was also to produce data on building permits and housing starts.
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Written By: Investing.com
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