European shares edge higher, earnings support

miércoles 7 de mayo de 2014 08:38 GYT

* FTSEurofirst 300 index gains 0.3 percent

* Results from Credit Agricole, Henkel help market

* Fiat slips on scepticism over a new business plan

By Atul Prakash

LONDON, May 7 (Reuters) - European shares edged higher on Wednesday, with strong earnings reports from some companies and encouraging U.S. mortgage data helping lift the market.

The FTSEurofirst 300 index of top European shares was up 0.3 percent at 1,346.80 points by 1216 GMT after falling earlier to 1,337.75, the lowest since late April.

European equities were helped by encouraging results, with Credit Agricole, France's third-biggest listed bank, rising 5.4 percent to top the FTSEurofirst 300 leader board after it reported a 30 percent rise in quarterly net income.

Germany's Henkel rose 4 percent after beating expectations with results, while Coloplast gained 3.3 percent after beating forecasts and raising its revenue outlook.

The market also got some support after the Mortgage Bankers Association said its seasonally adjusted U.S. index of mortgage application activity rose 5.3 percent in the week ended May 2.   Continuación...