Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

European shares hit 1-month closing high on results

Published 07/16/2009, 11:44 AM
Updated 07/16/2009, 11:48 AM
UK100
-
BARC
-
NOVN
-
BNPP
-
SOGN
-
SASY
-
NOVOb
-
AZN
-
GSK
-

LONDON, July 16 (Reuters) - European shares hit a one-month closing high on Thursday on improved sentiment following a jump in JPMorgan Chase's profits and data showing the number of U.S. workers claiming new jobless benefits fell last week.

The FTSEurofirst 300 index of top European shares provisionally ended 0.5 percent higher at 867.67 points, the highest close since June 12 and a positive finish for a fourth straight session.

Financial stocks were among top gainers as investors flocked to the shares after reassuring quarterly results from Goldman Sachs on Tuesday and a 36 percent jump in JPMorgan's second-quarter profit reported on Thursday.

"The results have given support to the market and provided investors a view that there is life after death," said Andrew Bell, head of research at Rensburg Sheppards.

HSBC, Barclays, Lloyds, BNP Paribas and Societe Generale jumped 0.5-3.2 percent.

Drugmakers were also in demand. AstraZeneca, GlaxoSmithKline , Novartis, Novo Nordisk, Roche Holding, Sanofi-Aventis and Shire advanced 0.7-3.1 percent.

Across Europe, UK's FTSE 100 index, Germany's DAX and France's CAC 40 were up 0.4-0.9 percent. (Reporting by Atul Prakash; Editing by Greg Mahlich)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.