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Feb 10 (Reuters) - European shares rose on Wednesday as a
set of upbeat quarterly earnings reports from firms including
SocGen helped boost optimism around a faster vaccine-led
economic recovery this year.
France's Societe Generale SOGN.PA gained 2.9% after it
beat profit forecasts for the fourth quarter, as charges related
to the COVID-19 pandemic came in lower than expected.
The STOXX 600 index .STOXX rose 0.3% with commodity-linked
shares .SXPP and banking stocks .SX7P leading gains. Most
European indices were higher in early trading.
Dutch Bank ABN Amro ABNd.AS dropped 1.3% even as it
reported a better-than-expected fourth-quarter net profit.
German conglomerate Thyssenkrupp TKAG.DE added 5.8% after
it raised its full-year outlook citing improved demand, while
online takeaway food company Delivery Hero DHER.DE was up 0.3%
after reporting a 95% surge in full-year revenue. German's DAX .GDAXI rose 0.1%.
The world's largest container shipping line Maersk
MAERSKb.CO was down 5.6% even after saying that a surge in
demand for container shipping would boost earnings in the first
quarter.