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Earnings lift European shares towards 2015 high

Global sentiment lifted by a new record high for Nasdaq index

Reuters London

European shares rose in early deals on Friday, boosted by encouraging earnings reports, while global sentiment was lifted by a new record high for the US blue-chip Nasdaq index.

The FTSEurofirst 300 was up 0.4% at 1,627.56 by 0704 GMT.

Top riser was Swedish home appliances maker Electrolux, up 6.3% after reporting a smaller-than-expected fall in first-quarter earnings.

Renault rose 5.1% after it said first-quarter revenue rose 13.7%, as Europe's auto-market upturn more than made up for collapsing Russian sales and a prolonged emerging-market slump.

The FTSEurofirst is less than 2% away from last week's 2015 high, which was its highest since 2000.

 

Meanwhile the US Nasdaq Composite closed at an all-time high on Thursday, surpassing its own record set just before the dotcom crash in 2000.

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First Published: Apr 24 2015 | 1:16 PM IST

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