European shares hit two-week high as investors gauge earnings, economic data
The pan-European STOXX 600 index (.STOXX), opens new tab rose 0.2%, as of 0710 GMT, while the UK's blue-chip FTSE 100 (.FTSE), opens new tab fell 0.2%.
Britain's economy grew by a faster-than-expected 0.3% in the second quarter, official figures showed. Economists polled by Reuters, as well as the Bank of England, had forecast a 0.1% growth for the April-June period.
Global stocks have rallied recently, driven by firming bets of a U.S. interest rate cut next month, leading to record highs on Wall Street.
Among individual stocks, Embracer (EMBRACb.ST), opens new tab slumped 24.1% and was the top laggard on the STOXX 600 index after the gaming company's first-quarter operating profit missed estimates.
Carlsberg (CARLb.CO), opens new tab fell 4.8% after the Danish brewer missed half-year profit and volume forecasts, and said it did not expect any improvement in the consumer environment for the remaining year.
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2 hours ago
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Times
7 hours ago
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7 hours ago
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Is it a Bank Holiday today?
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