European Stocks Rebound as EU Meets to Discuss Russia Sanctions

LONDON ( The Deal) -- European stocks rebounded Tuesday, as EU foreign ministers gathered in Brussels to discuss whether to increase sanctions against Russia and as investors took heart from bullish corporate earnings. Asian indices also rose.

The FTSE 100 added 0.80% to 6,782.10, while in Frankfurt the DAX rose 0.75% to 9,638.75. In Paris, the CAC 40 gained 0.80% to 4,339.12.

Leading gainers in London, ARM Holdings (ARMH) advanced 4.2% to 874.50 pence. The chip designer gave a bullish outlook for the second half amid expected strong demand for its technology in smart mobile devices and consumer electrics.

License revenue, which is the upfront fee customers pay for access to ARM's technology as well as an indicator of future royalty sales, rose 42% in the quarter to $146.1 million. ARM predicts continued strong license revenue in the second half, and foresees group dollar revenues for the full year to be in line with market expectations.

Among other London gainers, mining giant Anglo American added 2.39% while insurer Aviva  (AV) advanced 1.66%.

In Zurich, Actelion  (ALIOF) gained 2.55% to 112.40 Swiss francs, after the Swiss drugmaker raised its full-year guidance for 2014.

It said it now expects core earnings growth to be "at least" in the mid-teen percentage rate this year, up from a previous forecast of a low single-digit percentage. It's also projecting core earnings growth of at least double digits.

Not all the corporate news was rosy.

In Paris, Publicis Groupe slumped 5.64% to 55.55 euros, after the advertising company reported a 1.5% decline in first-quarter sales to 1.761 billion euros.

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