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LIVE MARKETS-Raft of positive earnings keep STOXX sweet

ReutersFeb 12, 2025 9:36 AM

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RAFT OF POSITIVE EARNINGS KEEP STOXX SWEET

Europe's STOXX 600 .STOXX is up 0.2% as a few positive earnings stories lift sentiment.

Heineken's HEIN.AS shares surged 12% to the top of the index after the Dutch brewer reported forecast-beating profit, launched a share buyback and predicted more growth next year.

Dutch bank ABN AMRO ABNd.AS shares are up 7% to five-year highs after its fourth-quarter results beat market expectations.

In the UK, TBC Bank TBCG.L shares are topping the FTSE 350, up 8.7% after Q4 results.

On the flipside, Norwegian investment fund Storebrand's STB.OL shares are down 7.9% after Q4 results, at the bottom of the STOXX 600.

Elsewhere, London-listed Indivior shares are up 7.%, with the U.S.'s FDA confirming there are no outstanding issues for one of its drugs.

Food and beverages stocks the best-performing sector in Europe while oil and gas names are down 0.8%.

(Lucy Raitano)

EUROPE BEFORE THE BELL: GAINS AHEAD ON SWEET EARNINGS, CPI LOOMS CLICK HERE

MARKETS LOOK TO US CPI WITH ONE EYE ON TARIFFS CLICK HERE

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