European Stocks Rise as Electrolux, Nordea Profit Beat Estimates

European stocks rose, rebounding from losses of a day earlier, as profit from Electrolux AB and Nordea Bank AB exceeded estimates.

The Stoxx Europe 600 Index gained 0.6 percent to 370.94 at 8:07 a.m. in London. Nordea climbed 5.4 percent after raising its 2014 dividend by 44 percent and saying quarterly net income rose. Electrolux jumped 7.9 percent after Europe’s biggest appliances maker said fourth-quarter operating profit increased 20 percent.

Europe’s benchmark measure on Tuesday slid 1 percent, snapping the longest streak of gains since April, as Siemens AG and Royal Philips NV posted disappointing earnings. The Stoxx 600 rose for eight days through Monday as the European Central Bank on Jan. 22 announced a 1.1 trillion euro ($ 1.25 trillion) bond-buying plan.

Source : Bloomberg

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