iBankCoin
Joined Nov 11, 2007
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European Markets Lift on Good Earnings Reports

 

European (SXXP) stocks climbed, heading for a fifth straight month of gains, as Air France-KLM (AF) Group and Deutsche Lufthansa AG (LHA) posted earnings that beat estimates. U.S. index futures and Asian shares also advanced.

Air France-KLM and Lufthansa, Europe’s two largest airlines, both rallied at least 7 percent.ArcelorMittal (MT) declined 4.8 percent after the world’s biggest steelmaker posted its lowest quarterly profit in almost three years. BG Group Plc (BG/) sank 17 percent after it forecast production growth that disappointed investors.”

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