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Joined Nov 11, 2007
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European Markets Rally on Good Earnings Reports

 

European stocks rose as companies from BP Plc (BP/) to Deutsche Bank AG (DBK) reported earnings that topped estimates. Asian shares and U.S. futures were little changed as Hurricane Sandy closed New York markets for a second day.

BP, Europe’s second-biggest oil company, gained 5 percent and Deutsche Bank, Germany’s largest lender, advanced 3.8 percent. UBS (UBSN) AG, Switzerland’s biggest bank, jumped to a 15- month high after raising a profitability goal. Danske Bank (DANSKE) A/S tumbled 6.8 percent on plans to sell new shares.”

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