European shares rise helped by good earnings; Deutsche Bank slips

miércoles 27 de julio de 2016 12:56 GYT
 

* European shares rise, DAX recoups post-Brexit losses

* Autos top sectoral gainers after Peugeot's record earnings

* Deutsche Bank slips on poor results, modest capital improvement

* Ingenico top STOXX faller after interim results (Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) Adds details, updates prices)

By Kit Rees and Danilo Masoni

LONDON/MILAN, July 27 (Reuters) - European shares rose on Wednesday with the market underpinned by well-received earning updates from companies including Peugeot and LVMH, while Deutsche Bank fell after a poor update.

The pan-European STOXX 600 index ended up 0.4 percent, while the FTSEurofirst 300 also rose by the same amount.

Auto stocks rose 2.2 percent, making them the top sectoral gainers with Peugeot soaring 9.5 percent after the French car maker said its first-half earnings doubled amid progress in its turnaround plan.

German carmakers including Volkswagen rose, helping the auto-heavy German index DAX recover all the losses it made since UK's shock vote to leave the EU last month.   Continuación...