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European stocks ended the session in positive territory, as China signaled broad political support for economic recovery by allowing insurers to invest more money into the banks and in the promotion of urbanization.
Shares of HSBC Holdings Plc (HSBA) rose 1.24% after the bank agreed to sell its stake in China's Ping An Insurance Co (Group) for $ 9.4 billion. As it became known, the largest bank in Europe by market value to revive profits and increase capital.
Cost Tesco Plc rose by 3.31% percent after the company said it was reviewing the terms of its U.S. business. Aker Solutions ASA shares gained 4.98% after the company said it would increase their margins based on earnings before interest, taxes, depreciation and amortization by 15% by the end of 2017. Aker also said that on the way to achieving its objectives of growth, by 2015 it will support payments from 30 to 50 percent of their net income through dividends or share repurchases.
Stoxx 600 advanced 0.24% to 276.91 at the close of trading.
FTSE 100 5,892.08 +23.04 +0.39% CAC 40 3,590.5 +10.02 +0.28% DAX 7,454.55 +19.43 +0.26%
Also released today from ADP data showed that the number of people employed in November fell more than expected by experts, thus reaching the level of 118 thousand, compared to 157 thousand in the last month. Another report showed that the level of industrial orders in October rose by 0.8%, while expected to increase by only 0.1%, after increasing by 4.5% last month.
Shares Stagecoach Plc, which owns 49 percent of Virgin Trains, climbed 5.86% to 308.7 pence. It is learned that in the first half pre-tax profit amounted to 124 million pounds ($ 200 million), which was higher than forecast at 114 million pounds. The same time, adjusted earnings per share was 16.8 pence, which also exceeded the average forecast at around 15.5 pence.The cost of Nokia Oyj (NOK1V) rose by 9.66% to 2.77 euros after the Finnish mobile phone manufacturer introduced a version of its flagship smartphone for China Mobile Ltd.
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