European stocks close higher on earnings; EU hits Google with record fine
European shares closed higher Wednesday, with investors maintaining their focus on corporate earnings.
The pan-European Stoxx 600 closed provisionally 0.54 at 387.06 higher with almost every sector in positive territory. Technology led the gains, up by 2.53 percent, on earnings. Ericsson rose 8.52 percent after reporting second-quarter results at the higher-end of its guidance.
On Wednesday, investors monitored Brussels and Alphabet shares. U.S. tech giant Google was hit with its biggest ever antitrust fine â€” a $ 5 billion levy â€” after the EU ruled that its Android mobile operating system had abused the mobile software’s dominance in the industry. Google said it would appeal the decision. Alphabet’s stock slipped slightly following the EU announcement.
On Wall Street, stocks traded mixed following weaker-than-expected housing data; traders also continued to monitor incoming corporate results.
Source : CNBC
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