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European stocks advanced yesterday, supported by strong results from UBS, automaker BSA and chip maker AMS, ending a three-day run of losses. After the season results gave a boost to the market weakness.
The automotive and banking sectors performed better than the market, thanks to strong relationships, although they are among the worst performing sectors this year. The heavy weight of the UBS index weighed 3.2%, which represented the main support for the index, after the bank 's results had exceeded expectations in the second quarter of the year.
The company said new orders will experience strong growth in the second half of the year and show higher than expected revenue in the second quarter.
(PES.N: Quote, NEWS, Research) after the company announced a solid profit, thanks to the improved performance of its newly acquired Opel unit. The stock has reached its highest level since mid-June 2008.
The Nikkei is raised on the Tokyo Stock Exchange to recover some of the losses of the previous day while the yen rebounded, pushing the values to Chua Shell and Ono Suki's upward export with the launch of the season results announcements. The Nikkei benchmark rose 0.51% to close at 22510.48 points
The dollar traded close to 111.30 yen, against 110.75 yen the previous day
Chewa Shell Sekio increased by 2.03%; Oil forecasts net profit in the first half of 2018 to 46 billion yen ($ 413.26 million) from 26 billion previously, crude oil prices rose over the period.
Onro Sooki Land Survey Equipment jumped by 6.01% as the company raised its operating profit guidance for the year ending December 2018, from 900 million yen to 1, 05 billion yen
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Of the 33 sub-indices, 27 indicators ended the session yesterday on the rise (Reuters)
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