The pan-European STOXX 600 index was up 0.1%, as of 0822 GMT.
Ubisoft jumped nearly 14% after the video games group reported third quarter net bookings slightly above its forecast.
Healthcare stocks led advances, helped by a more than 9% rise in both Danish medical equipment maker Coloplast (CSE:COLOb) and German med-tech firm Carl Zeiss Meditec AG after first-quarter results.
Focus was on luxury stocks, with shares of Hermes adding 4.5% after the Birkin bag maker’s sales jumped in the fourth quarter.
Weighing on the index, L’Oreal dropped 6.3% after the French cosmetics maker missed fourth quarter sales estimates as Chinese travellers spent less on shopping, according to traders.
Hurting equities, the yield on the German 10-year government bond rose for third-straight session, last at 2.380%, as markets pulled back their bets of an early interest rate cut from the European Central Bank. [GVD/EUR]
Money markets now see around 113 basis points (bps) of cuts this year, from around 140 bps a week earlier. [0#ECBWATCH]
To read the full article, Click Here