By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- European stocks pushed higher Tuesday,
with Russian shares looking for their first gain in seven sessions,
but Publicis Groupe SA was among decliners following a sales
warning from the French advertising heavyweight.
The pan-European Stoxx Europe 600 index rose 0.7% to 340.19,
erasing Monday's loss of 0.5%.
Russia's blue-chips MICEX Index picked up 1.2% at 1,400.96, led
by a 3.1% advance for state-run Aeroflot and a 2.2% rise for VTB
Bank .
The MICEX on Monday slid 2.7%. U.K. Prime Minister David Cameron
on Monday called on European leaders to impose sanctions against
the Russian oil, banking and defense industries if the government
continues supplying weapons and other support to pro-Russian rebels
in Ukraine, according to news reports. Russian separatists have
been blamed for downing a Malaysia Airlines passenger flight last
week that killed all 298 passengers and crew members.
European Union foreign ministers will meet later Tuesday in
Brussels to discuss imposing tougher sanctions against Russia.
Topping gainers on the Stoxx 600 was IG Group Holdings PLC.
Shares jumped 5.9% after the spread betting and derivatives trading
services company said full-year profit rose even as it reported a
"subdued backdrop" late in the year.
Arm Holdings shares climbed 3.7% after the computer-chip
designer said second-quarter profit rose on higher chip shipments
and licensing revenue.
But shares of Credit Suisse Group (CS) fell 1.6% after the
Zurich-based bank posted a larger-than-expected second-quarter loss
stemming from a U.S. legal settlement reached two months ago.
Publicis Group SA dropped 5.7%, with Chief Executive Maurice
Lévy saying the company may not reach its full-year sales-growth
target. Publicis reported a decline in profit and lower sales
growth than expected for the first half of the year. A planned
merger with Omnicom Group Inc. (OMC) collapsed earlier this
year.
In Paris, the CAC 40 index rose 0.5%. Meanwhile, Germany's DAX
30 index rose 0.5% and the U.K.'s FTSE 100 index tacked on
0.6%.
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