RTTNews - The European markets rose for the second day on Thursday, as upbeat earnings from companies such as BT Group, Alcatel-Lucent and Volkswagen cheered investor sentiment.
The FTSEurofirst 300 index of pan-European blue chips closed 2.19% higher at 930.62 points, while the narrower DJ Stoxx 50 index rose 2.24% to 2,306.65 points.
Around Europe, the U.K.'s FTSE 10 index surged up 1.85% to 4,631.61, while France's CAC 40 index climbed 2.08% to 3,435.49 and Germany's DAX index rose 1.71% to 5,360.66.
BT Group, Britain's largest fixed-line phone company, jumped 12.6% after the company reported first quarter profit that fell from last year but came in above analysts' expectations.
Alcatel-Lucent, the world's biggest maker of fixed-line networks, rallied 9.4% after the company reported its first profit in 11 quarters.
Volkswagen, Europe's biggest carmaker, surged up 5.7% after the company reported a smaller-than-anticipated drop in profit and said growth in emerging markets will help the company outperform the industry in the second half.
Mining stocks gained after copper prices rose for the first time in three days in New York and London. BHP Billiton, the world's biggest miner, rose 5%, while Rio Tinto, the second biggest, surged up 7.2% and copper miner Antofagasta climbed 7.6%.
For comments and feedback: contact email@example.com