Europe’s retail stocks led the gains Wednesday morning, up more than 1.6 percent amid earnings news. France’s Kering was the top sectoral performer, with shares rising almost 9 percent after stronger-than-anticipated sales figures in the third quarter. Shares of the Gucci parent company were up more than 7 percent on the news.
Looking at individual stocks, France’s Societe BIC also surged towards the top of the benchmark shortly after the opening bell. The Paris-listed stock reported a bounce in third-quarter sales figures on Wednesday, prompting shares to jump nearly 10 percent.
Meanwhile, Deutsche Bank shares fell 3 percent during early morning deals. It comes after the German flagship lender said it was on track to swing to profit this year, despite a steep decline in third-quarter profit.