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The broader European equities index (STOXX) rose 0.3% in early deals.
SAP (DE:SAPG) jumped 6.5% after the German group confirmed its full-year outlook and said business activity gradually improved in the second quarter from the effects of a global lockdown.
Denmark’s Pandora (CO:PNDORA) gained 1.2% after it lifted its profit forecast for the second quarter, saying consumers had returned to shops faster than expected.
China-exposed miners (SXPP), luxury stocks and automakers (SXAP) all rose, drawing comfort as a rally in Shanghai shares extended to the eighth day on hopes of a faster recovery for the world’s second largest economy. [.SS]
Frankfurt-listed shares (GDAXI) outperformed its European peers with a 0.9% jump, as data showed German exports rebounded in May, spurred by the lifting of lockdown measures.
