Daimler, Akzo Nobel prop up European equities

miércoles 23 de julio de 2014 06:32 GYT
 

* FTSEurofirst 300 up 0.4 pct

* Daimler, Akzo rise after forecast-beating results

* Investors keeping wary eye on Ukraine crisis

By Sudip Kar-Gupta

LONDON, July 23 (Reuters) - Forecast-beating earnings from carmaker Daimler and chemicals group Akzo Nobel lifted European shares on Wednesday, offsetting concerns about a ramping up of sanctions against Russia over the Ukraine crisis.

Germany's blue chip DAX index rose 0.5 percent, led higher by car and truck maker Daimler.

Daimler rose 1.5 percent after it posted earnings above expectations, following strong demand for new models of its high-end Mercedes-Benz cars in countries such as China.

Akzo Nobel also advanced by 4 percent after posting higher-than-expected second quarter earnings. Both Akzo Nobel and Daimler contributed the most points to a 0.4 percent advance on the pan-European FTSEurofirst 300 index.

"The results season so far has not been too bad," said Mirabaud Securities' European equity sales executive Rupert Baker.   Continuación...