Europe open: Stoxx makes strong start amid earnings flurry

(Sharecast News) - European shares made a strong start to Wednesday's session as traders continued to digest another dump of corporate earnings. The pan-regional Stoxx 600 index was up 0.37% to 543 at 0850 BST with all major bourses higher. Germanys DAX and France's CAC 40 were both up by around 0.5%.

In equity news, shares in UK insurer Hiscox gained after results.

Beiersdorf slumped as the German chemical consumer goods group and maker of Nivea cream lowered full year sales guidance. Coca-Cola HBG tanked despite forecasting full year performance at the top end of guidance.

Siemens Energy fell despite the company posting a record quarterly order intake. Mining giant Glencore was lower on weaker first-half profits on the back of falling coal prices and declining copper volumes.

Novo Nordisk was also lower after the Danish drugmaker maintained its full-year outlook, just days after slashing its 2025 sales forecasts.

Reporting by Frank Prenesti for Sharecast.com