(Reuters) -European shares climbed on Wednesday as investors assessed mixed corporate earnings and awaited key economic data, wrapping up a volatile month dominated by disruptive U.S. trade policy.
The pan-European STOXX 600 index was up 0.4%, as of 0716 GMT, but on track for a second consecutive monthly drop, if the current trend holds.
Other regional indexes were also trading in positive territory, except Spain, which slipped 0.5%.
The European benchmark index has clawed back over half of its losses after tumbling nearly 18% from record highs earlier this month, sparked by fears of a global recession following U.S. President Donald Trump’s import tariffs.
Shares of Barclays rose 2.3% after the British bank reported a stronger-than-expected 19% rise in first-quarter profit.
Danish logistic group DSV rose 9.6% after it completed a deal to acquire Germany’s Schenker and provided an outlook on potential benefits from the transaction.
SSAB fell nearly 5% after the Swedish steelmaker reported a 57% drop in its first-quarter operating profit on Tuesday.
Investors are also awaiting growth data for France, Germany, and the broader euro zone, set to be released later in the day.
(Reporting by Sukriti Gupta in Bengaluru; Editing by Sherry Jacob-Phillips)
Comments