STOXX rises as results impress, FTSE hits record
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STOXX RISES AS RESULTS IMPRESS, FTSE AT RECORD
The STOXX 600 .STOXX is adding 0.6%, while the UK's FTSE 100 is at a record high as a stream of stellar corporate earnings from tech, to retail and healthcare push the index higher.
On a sector basis, tech names .SX8P are the best performers, surging 1.7%, while retail .SXRP gets a 1.3% boost.
Britain's sportswear retailer JD Sports Fashion JD.L is supporting the latter, up 6.1% after proposing to buy American athletic fashion retailer Hibbett HIBB.O for about $1.08 billion.
Germany's Aixtron AIXGn.DE, which provides equipment to the semiconductor industry, is boosting tech, up 4.5% after its production platform was chosen by Vishay Intertechnology.
The top riser of the overall index though is Swedish banking platform Nordnet SAVE.ST, up 9.1% after a Q1 profit beat.
Britain's FTSE 100 .FTSE surpassed its previous record high shortly after the open, with miner Ferrexpo FXPO.L as the UK's top mover, up 9.8% after a strong Q1 production report and a broker upragde.
Nevertheless, the overall STOXX basic resources index .SXPP is off 1.3%, the worst performing sector as Anglo American AAL.L sheds 3% following a Q1 production report. Rio Tinto RIO.L and Glencore GLEN.L are down between 1.3%-1.6%.
Primark-owner Associated British Foods Plc ABF.L is also proving a boon for the FTSE, up 8.8% after reporting a 39% jump in Q1 profit.
(Lucy Raitano)
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