Pandora leads European equities higher, Greek stocks outperform

martes 10 de mayo de 2016 04:17 GYT

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* FTSEurofirst 300 index up 1 percent

* Greek shares outperform broader market

* Pandora surges after results

By Atul Prakash

LONDON, May 10 (Reuters) - European shares advanced on Tuesday, with Danish jewellery maker Pandora surging after strong results and Swiss bank Credit Suisse gaining after its smaller than expected first quarter loss.

The FTSEurofirst 300 index was up 1 percent by 0805 GMT, while Greek shares rose 2 percent after euro zone finance ministers offered to grant Greece some debt relief. However, Germany's DAX was up only 0.6 percent after data showing industrial output fell more than expected in March.

Eearnings reports set the tone of the market, with Pandora rising more than 10 percent after reporting a bigger than expected rise in first-quarter operating profit on strong sales growth and raising its full-year forecast.

Credit Suisse was up 5.5 percent. Although it saw tough market conditions continuing at least through the second quarter, it posted a lower than expected loss of 302 million Swiss franc ($311 million) for the first quarter.   Continuación...