European shares rise on recovery hopes, technology shares gain
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
Feb 2 (Reuters) - European shares rose on Tuesday as investors were hopeful of a faster economic recovery, while technology shares led the advance after French IT consulting group Atos ended talks of a potential takeover of U.S. rival DXC Technology.
Shares in Atos SE ATOS.PA gained 5% after the firm said it has decided to discontinue talks about a potential $10 billion acquisition of DXC Technology Co DXC.N . European technology sector .SX8P rose 1.4%, while the STOXX 600 index .STOXX gained 0.8%.
An upbeat mood from Asian markets spilt over to Europe in early trading on hopes of more stimulus for the U.S. economy. MKTS/GLOB
Investor focus also remained on earnings reports from across Europe, with Fresenius Medical Care FMEG.DE tumbling 12% after the world's No.1 kidney dialysis firm warned its adjusted net profit would likely drop this year. BP.L plunged 4% after its profit in the last quarter of 2020 sunk to $115 million due to weak energy demand and poor trading results.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or