SAP, LVMH earnings nudge European stocks higher; German shares lag

SAP, LVMH earnings nudge European stocks higher; German shares lag

The Edge Markets - World·2021-04-15 05:04

BENGALURU (April 14): European stocks rose on Wednesday on upbeat earnings from software firm SAP and French luxury goods maker LVMH, while German shares lagged after sources said the country's economic institutes cut 2021 GDP forecast.

The pan-European STOXX 600 index rose 0.2%, closing just 0.2% shy of record highs, as an impressive bounce-back in sales saw LVMH scale a record highs, spurring gains in other luxury names.

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