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AUG 01, 2013 - MarketWatch

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European stocks rise after Fed, China data

LONDON (MarketWatch) -- European stock markets posted solid gains at the open on Thursday, after the U.S. Federal Reserve kept its multibillion-dollar bond-buying program in place and China data signaled an improvement in the manufacturing sector. The Stoxx Europe 600 index added 0.6% to 301.27. Shares of Lloyds Banking Group PLC picked up 4.9% after a well-received earnings report, while Societe Generale SA rallied 5.6% after saying second-quarter profit more than doubled. On a more downbeat note, shares of Royal Dutch Shell PLC dropped 4% after the oil firm reported a drop in ... Read More

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