Europe ends under pressure on commodities; Air France up 11% – CNBC

11 months ago Comments Off on Europe ends under pressure on commodities; Air France up 11% – CNBC

British defence firm BAE Systems said that it expects its earnings per share to grow up to 10 percent in 2016 from the 2015 level of 36.6 pence, sending shares over 1 percent higher.

Europe’s top performer was Indivior, up 15.8 percent, after the pharmaceuticals firm reported better-than-expected earnings for 2015.

Europe’s Banks was the worst performing sector, off some 2.3 percent, with several Italian banks at the bottom of Europe’s benchmarks. This comes as the European Central Bank said risk for the euro zone economy have grown, according to its latest minutes release.

On the whole, Europe’s earnings picture remains mixed. On the STOXX Europe 600 index, almost half of businesses have reported results so far, and 47 percent missed expectations, according to Reuters.

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Europe ends under pressure on commodities; Air France up 11% – CNBC