European shares rise at opening


European shares rose on Wednesday, led by financials and industrials, as healthy corporate results from a slew of regional bluechips underpinned major benchmark indices, reports Reuters.


Shares in Swedish truck maker Volvo jumped more than 7.0 per cent and were just shy of their highest in 6 years after the company topped profit forecasts. 

They were the top performers on the pan-European STOXX 600.

Swiss bank Julius Baer led the banking sector index higher, up 5.3 per cent and the second top gainer in the STOXX, after Switzerland's third-largest listed bank posted net profits ahead of expectations.

German engineering firm Siemens was also a top European gainer, up 4.3 per cent after it raised its Q1 profit beat forecasts.

Swedish stocks featured on the list of the biggest laggards across Europe too with home appliance maker Electrolux down 3.3 per cent and engineering firm Trelleborg down 2.4 per cent following results disappointments. 


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