Mixed earnings cap gains in European shares ahead of ECB decision



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

April 14 (Reuters) - European shares held steady on Thursday after a mixed batch of earnings, while investors waited to hear from the European Central Bank amid risks to economic growth from rising inflation.

The pan-European STOXX 600 index .STOXX was little changed by 0722 GMT following a strong finish on Wall Street and gains in Asian shares. Euro zone shares .STOXXE edged 0.2% higher.

Birkin bag maker Hermes HRMS.PA gained 2.2% after its quarterly sales beat estimates, lifted by strong appetite for its luxury accessories, particularly in the United States and Europe.

Travel & leisure stocks .SXTP gained the most among sectors, with low-cost airline Wizz Air WIZZ.L up 5.3% despite a gloomy forecast.

Sweden's Ericsson ERICb.ST , under fire for its handling of a bribery investigation in Iraq, slumped 8.7% after it warned of a potential fine by U.S. regulators and reported a fall in first-quarter core earnings.

The ECB decision, due at 1145 GMT, could provide a clearer schedule for the end of its bond purchases programme and subsequent interest rate hikes.

It is lagging behind most other major central banks, which started raising interest rates last year.

Among other stocks, Italian airport and motorway operator Atlantia ATL.MI gained 5.3% after the holding company of Italy's Benetton family and U.S. investment fund Blackstone BX.N said they will spend up to 12.7 billion euros ($14 billion) to take the company private.


Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.