European Stocks Snap Losing Streak; SAP, BBVA and BMW Climb
Jan. 25 (Bloomberg) -- European stocks climbed, snapping a three-day losing streak, as German business confidence increased more than expected and SAP AG, Banco Bilbao Vizcaya Argentaria SA and Hugo Boss AG earnings topped analysts' estimates. DaimlerChrysler AG rose as Kuwait, its largest shareholder, said the automaker should sell the unprofitable Smart unit. Bayerische Motoren Werke AG surged after reporting record sales.
Earnings from SAP, the world's biggest maker of business- management software, Bilbao, Spain's second-largest bank, and Boss, Germany's No. 1 clothing maker, underpinned investor optimism in the outlook for profits and economic growth in Europe. Indexes headed for their best day in three weeks.
No comments:
Post a Comment