European shares rise after four-day drop as ABB shines

European Shares Rise After Four-Day Drop as ABB Shines

European equities look to salvage the week with a stronger rebound today

It is in part a catch up to the recovery in Wall Street yesterday too

European shares rise after four-day drop as ABB shines

(Corrects day in paragraph 1 to Thursday from Wednesday earlier) (Reuters) – European shares rose on Thursday after four consecutive sessions of losses, supported by strong quarterly results from Switzerland’s ABB and optimism over a potential trade deal between the United States and the European Union. The pan-European STOXX 600 index up 0.8% as of 0718 GMT. ABB jumped 8.2% after the engineering firm posted record quarterly order intake, driven…

Europe: Shares see first daily gain in five on strong earnings

European shares snapped a four-day losing streak on Thursday (Jul 16), boosted by gains in industrials ABB and Legrand after they reported positive earnings news.