European shares trade on Thursday (26 / 8) opened higher than its lowest level for five weeks in the previous session due to forecast revenues and Credit Agricole rose L'Oreal.
Reuters reported a lot of demand for banking shares. Shares of lender Credit Agricole of France rose 5.7 percent after the income earned in the second quarter-2010.
European FTSEurofirst 300 index rose to its highest level. "Companies have reported reasonable results," said David Buik, partner of BGC Partners. "But, whether the rally can be sustained to be seen again."
U.S. weekly jobless claims will be announced at 12:30 GMT, with recent economic data shows a slowdown in growth.
On the other hand, L'Oreal shares jumped 4.6 percent after the estimated increased revenue in the first half of 2010, helped by growing demand for cosmetics, an upswing in consumer spending and cuts costs.
Reuters reported a lot of demand for banking shares. Shares of lender Credit Agricole of France rose 5.7 percent after the income earned in the second quarter-2010.
European FTSEurofirst 300 index rose to its highest level. "Companies have reported reasonable results," said David Buik, partner of BGC Partners. "But, whether the rally can be sustained to be seen again."
U.S. weekly jobless claims will be announced at 12:30 GMT, with recent economic data shows a slowdown in growth.
On the other hand, L'Oreal shares jumped 4.6 percent after the estimated increased revenue in the first half of 2010, helped by growing demand for cosmetics, an upswing in consumer spending and cuts costs.
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