"Gulf Times" declare : Earnings and resources stocks help Europe shares hold at 21-mth highs

collected by :John Miller

as declared in Tokyo facebook/" target="_blank">shares hit a 17-month high, up 0.3 percent on the day as a relatively weak yen outweighed concerns triggered by Trump's sacking of Comey. Expectation-beating first-quarter company results have lifted stock markets across the globe, with European full-year earnings forecasts set to be their best since 2010. The U.S. VIX index fell on Tuesday to 9.56, its lowest since late 2006. For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets(Additional reporting by Saikat Chatterjee in Hong Kong, Jamie McGeever, John Geddie in London; Editing by Kevin Liffey) The pan-European STOXX 600 index fell 0.2 percent, led down by construction and materials stocks, having hit its highest since August 2015 on Tuesday.

Europe shares dip; dollar down on Comey sacking
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Earnings lift Europe shares

Strong earnings have helped push facebook/" target="_blank">shares higher across the globe this year. Investors were looking ahead to earnings from Apple , whose shares - along with those of other major tech companies - hit record highs on Monday. BP shares rose 1.7 per cent after the oil major's first-quarter profit tripled. Forecast-beating company earnings and signs of underlying economic strength pushed European shares higher on Tuesday while tech stocks lifted Asian stocks to two-year highs as investors shrugged off sub-par Chinese factory activity data. The dollar index, which measures the greenback against a basket of major currencies, held steady.

Earnings lift Europe shares

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