European shares get tech boost as SAP and ASML surge on results

miércoles 20 de julio de 2016 05:12 GYT
 

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* FTSEurofirst 300 and Stoxx 600 both up 0.7 pct

* Technology index hits highest since early Jan

* SAP, ASML among top gainers; Anglo American down

By Atul Prakash

LONDON, July 20 (Reuters) - European shares advanced on Wednesday, with the technology sector leading the market higher after SAP and ASML Holding reported forecast-beating quarterly results.

Shares in SAP, Europe's largest software company, rose 4.7 percent as unexpectedly strong growth in high-margin packaged software licenses fuelled its quarterly earnings. Its second-quarter operating profit rose 9 percent.

ASML Holding, a key supplier to major semiconductor makers, was up 3.5 percent after reporting a better-than-expected quarterly profit as customers started taking shipments of its newest tool.

"So far, European earnings have been better than expected, with investors focusing on company guidance to form a view on the market's likely direction," Christian Stocker, equity strategist at UniCredit in Munich, said.   Continuación...