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European exchanges opened on the green, backed by telecommunications sector

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The European shares were appreciated in Thursday’s session, in the context in which investor confidence was supported by a number of positive financial results, Reuters reported.

FTSEurofirst 300 index of major European shares, advanced by 0.6% in the opening session at 916.39 points. London Stock Exchange opened session Thursday in climbing, Footsie-100 index advancing by 0.45% at 4567.95 points.

The stock market in Frankfurt, the Dax index rose by 0.44% to 5293.55 points, while the CAC 40 index, of the Paris stock exchange, advanced by 0.65% to 3387.62 points.

“Results season provides financial support to the markets. Investors should not be careless, but we are far from the end of the world, “said Roger Peeters, an analyst in the Close Brothers Seydler.

“Most of the results are affected by economic crisis, but not worse than estimates”, he added.

Telecommunications companies have made some of the most significant gains. France Telecom shares have appreciated by 2.3% as the group posted a semester profit more than was expected, but warned about slowing activity in the second half of the year.

Titles Siemens group were impaired by 2 3% after the group has shown a massive decrease of operating profit in the third quarter.