European shares open higher

File picture: Dado Ruvic

File picture: Dado Ruvic

Published Nov 10, 2015

Share

Milan - European shares opened higher on Tuesday, with Vodafone among the leading gainers after a strong earnings report, although political uncertainty continued to weigh on Portuguese stocks.

The pan-European FTSEurofirst 300 index rose 0.28 percent and the euro zone's blue-chip Euro STOXX 50 index gained 0.35 percent.

Vodafone rose 2.7 percent after the British phone group reported a better-than-expected acceleration in second-quarter revenue growth, helping it nudge its annual expectations towards the top of its guidance.

But Vallourec fell more than 6 percent after reporting a third-quarter loss against a backdrop of falling demand from its oil and gas customers and said it did not expect market conditions to improve in the short-term.

Portugal's PSI 20 index fell 0.86 percent.

REUTERS

Related Topics: