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02 Feb 2021 | 08:08

Europe open: Shares higher on recovery hopes, strong Wall St session

(Sharecast News) - European shares opened higher on Tuesday after strong US and Asia sessions overnight, driven by upbeat manufacturing survey data which fuelled hopes of a swift economic recovery. The pan-European Stoxx 600 index rose 0.9% with all major regional bourses higher. Shares were also driven by news that French IT firm Atos had ended takeover talks with US rival DTC Technology.

Atos shares rose 4% after the firm said it has decided to stop talks on the potential $10bn acquisition.

In other corporate news, Fresenius Medical Care slumped 12% after the kidney dialysis firm warned its adjusted net profit would fall this year due to "accelerated Covid-19 related excess mortality of dialysis patients".

BP shares fell 2.88% after its profit in the last quarter of 2020 missed analyst expectations of $440m , coming in at $115m due to weak energy demand and poor trading results.

Shares in Italian infrastructure group Atlantia rose on news that consortium led by Italian state lender Cassa Depositi e Prestiti asked for more time to submit "an improved and more compelling" binding bid for a stake in its motorway unit.
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