Bouygues SABouygues jumped 7.1% after first-half operating profit beat expectations.
European stocks closed higher on Thursday, with the Stoxx 600 index rising 0.77% to 649.95 points, supported by strong earnings from companies across multiple sectors. The banking sector led gains, climbing 2.6%, driven by Spain's BBVA which surged around 5% after reporting a more than 11% year-on-year increase in second-quarter net profit. Construction and materials stocks added 2.2%, with Bouygues jumping 7.1% after first-half operating profit beat expectations. Industrial stocks rose 1.8%, buoyed by Schneider Electric which soared 10% after raising its full-year outlook. France's CAC-40 closed at 8,485.64 points, up 0.92%, Germany's DAX ended at 25,612.03 points, up 0.60%, while London's FTSE 100 slipped 0.10% to 10,897.27 points. However, gains were capped by declines in Airbus and Rentokil, as well as uncertainty over the US interest rate path after the Federal Reserve held rates steady amid differing views within the committee.
Bouygues SABouygues jumped 7.1% after first-half operating profit beat expectations.
Airbus Group SEArticle mentions Airbus as one of the decliners that capped gains, but no specific reason given.
Rentokil Initial PLCArticle mentions Rentokil as one of the decliners that capped gains, but no specific reason given.
Banco Bilbao Vizcaya Argentaria S.ABBVA surged ~5% after reporting >11% YoY increase in Q2 net profit.
Schneider Electric S.E.Schneider Electric soared 10% after raising its full-year outlook.