European stocks climb on strong earnings reports

div classBodysc17zpet90 cdBBJodivpReuters – European shares extended gains for a second straight session on Thursday, as a slew of forecastbeating earnings reports helped set aside fears around slowing global economic growth.p

pThe panEuropean STOXX 600 index rose 0.7 by 0707 GMT, with all regional bourses in the black. Travel and leisure stocks rose 2.1 to lead sectoral gains, while miners fell behind.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pBritish bank Standard Chartered jumped 10.1 and Spains Banco Sabadell climbed 5.3 after reporting upbeat quarterly earnings.p

pGerman online takeaway food company Delivery Hero surged 8.1 after saying it was on track for a positive adjusted core profit for its food delivery business this year, while mealkit maker HelloFresh added 10.9 on strong results.p

Among decliners, Swedish banking group Swedbank fell 5 after narrowly beating profit estimates.p

Betterthanexpected results from Meta Platforms Inc looked set to boost Wall Street at the open, with its Frankfurtlisted shares surging 18.3.

Reporting by Sruthi Shankar in Bengaluru Editing by Shounak Dasguptap

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