Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

European Stock Futures Advance as Ukraine Tensions Ease

European equity futures advanced, extending a rebound from earlier in the day that followed a rally in U.S. shares, as concerns eased over crises in the Ukraine and Middle East.

Futures on the Euro Stoxx 50 that expire in September added 0.2 percent as of 4 p.m. in New York. The equity gauge rose 0.2 percent in regular trading after a late day recovery erased losses. The Standard & Poor’s 500 Index surged 1 percent. The Stoxx Europe 600 Index was little changed at 339.66 at the close in London. It was up 0.8 percent for the week.

Volvo AB and Schibsted ASA dropped at least 5.4 percent each in regular trading after posting second-quarter profit that missed analysts’ estimates. Air France-KLM and Ryanair Holdings Plc led a retreat among European travel stocks. Shire Plc rose 4 percent after AbbVie Inc. agreed to buy the drugmaker for 52.48 pounds ($89.80) a share. Ericsson AB posted the biggest rally since April 2011 after reporting a profit margin that beat forecasts.

A Malaysian Airlines jet went down over eastern Ukraine, killing all 298 people on board, just a day after the U.S. and the European Union imposed further sanctions on Russia over the conflict. Russia and Ukraine blamed each other for the downing of the jet as moves to investigate the crash got under way. President Barack Obama said the violence in Ukraine is facilitated by Russia’s support for separatists and called for an immediate cease-fire.

Economic Data

The index of U.S. leading indicators rose in June for the fifth straight month, showing the economy continues to gain momentum following a slowdown at the start of 2014. A gauge of consumer sentiment declined this month. The Thomson Reuters/University of Michigan preliminary July index of sentiment decreased to 81.3 from 82.5 the prior month.

In Europe, national benchmark indexes fell in 11 of the 18 western markets. The U.K.’s FTSE 100 added 0.2 percent. France’s CAC 40 gained 0.4 percent, while Germany’s DAX declined 0.4 percent.

Air France-KLM lost 2.1 percent to 8.59 euros and Deutsche Lufthansa AG slid 1.1 percent to 14.45 euros. Ryanair declined 1.9 percent to 6.73 euros.

Volvo fell 5.4 percent to 87.30 kronor, the most since October. The world’s second-largest truckmaker reported second-quarter earnings before interest and taxes of 3.56 billion kronor ($521 million), missing the 4.28 billion-kronor average estimate of analysts in a Bloomberg survey.

Schibsted Shares

Schibsted ASA declined 6.1 percent to 309 kroner after Norway’s biggest media group reported second-quarter earnings before interest, taxes, depreciation and amortization of 574 million kroner ($93 million), missing the average analyst estimate of 611 million kroner. Today’s drop was the biggest since August 2011 for Schibsted.

A gauge of auto-industry companies posted the worst performance among the 19 industry groups in the Stoxx 600. Daimler AG declined 1.7 percent to 65.40 euros. Michelin & Cie., Europe’s biggest tiremaker, lost 1 percent to 85.41 euros.

Shire added 4 percent to 4,996 pence. AbbVie’s cash-and-stock deal values Shire at 53 percent above its closing price on May 2, before the U.S. drugmaker made its first proposal, according to a statement. The combined company will cut their tax rate to about 13 percent from 22 percent.

Ericsson rallied 8.2 percent to 86 kronor. The world’s biggest maker of wireless networks said gross margin rose 4 percentage points to 36.4 percent in the second quarter, exceeding the average analyst estimate of 35.5 percent.

Electrolux AB gained 5.2 percent to 179.80 kronor. The second-biggest appliance maker posted earnings before interest, taxes and one-time items of 1.17 billion kronor, surpassing the 1.1 billion-kronor average projection of analysts surveyed by Bloomberg.

Remy Cointreau SA climbed 4.2 percent to 65.22 euros as the cognac maker reiterated its target of achieving full-year growth in revenue and operating profit. Sales excluding acquisitions and currency swings fell 5.7 percent in the first quarter, according to a statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.