European shares bounce back, helped by earnings reports

martes 22 de julio de 2014 13:01 GYT

* FTSEurofirst 300 index ends 1.3 percent higher

* Ukraine rebels hand over black boxes from Malaysian plane

* ARM Holdings surges after strong results

* Actelion gains as results revive M&A speculation

By Atul Prakash

LONDON, July 22 (Reuters) - European shares bounced back on Tuesday on some strong earnings reports and after signs of cooperation between Russia and other nations in investigating the shooting down of a Malaysian airliner over Ukraine.

The handover of flight MH17's black boxes and reports by international investigators of improved access to its wreckage came as EU foreign ministers threatened Russia with harsher sanctions for its support of separatists in the area. However, France's president signalled the disputed delivery of a warship to Moscow would go ahead.

"We don't see an immediate escalation in tension and further sanctions against Russia from the European Union," said Gerhard Schwarz, head of equity strategy at Baader Bank in Munich.

"But given the tragic loss of life, there will be some further sanctions down the road and this certainly is not helpful for the global recovery."   Continuación...