European shares end higher on upbeat U.S. company results

jueves 17 de abril de 2014 12:42 GYT
 

* FTSEurofirst 300 ends 0.5 pct higher after early losses

* Sentiment improves after results from major U.S. firms

* Cyclical shares lead the bounce, autos gain the most

By Atul Prakash

LONDON, April 17 (Reuters) - European equities finished higher on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment.

Morgan Stanley reported a 55 percent jump in first-quarter earnings, General Electric posted a 12 percent rise in overall industrial profits and both earnings and revenue of Goldman Sachs beat market estimates.

"When we look at the U.S. results coming out today, there was a predominantly positive beat overall," said Gerhard Schwarz, head of equity strategy at Baader Bank.

"The results certainly may come in quite well over the next couple of weeks because companies have done a lot guiding lower over the last weeks and this is probably a good basis for positive surprises."   Continuación...