European shares inch up, earnings help lift sentiment

miércoles 22 de octubre de 2014 04:15 GYT
 

* FTSEurofirst 300 up 0.1 pct, adds to rebound

* ABB, Husqvarna rally after positive results

* Heineken dips after posting lower-than-expected sales

By Blaise Robinson

PARIS, Oct 22 (Reuters) - European shares inched higher in early trading on Wednesday, extending the previous session's sharp gains, with a raft of positive corporate results from companies including ABB and Husqvarna lifting sentiment.

Shares in Swiss engineering group ABB were the top gainers among European blue-chips, gaining 2.7 percent after posting a bigger-than-expected rise in orders, helped by demand from the oil and gas industries.

Outdoor equipment maker Husqvarna also reported a larger-than-expected rise in earnings, sending its shares surging 6.2 percent.

At 0757 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,300.64 points.

The index rose 2.1 percent on Tuesday after sources told Reuters the European Central Bank was considering buying corporate bonds to revive the region's economy - a step that would help banks free up more of their balance sheets for lending.   Continuación...