LONDON ( The Deal) -- European indices were back in positive territory Wednesday with robust earnings from companies including U.K. retailer Marks & Spencer ( MAKSY) and Dutch lender ING Groep ( ING) driving the momentum.
In London, the FTSE 100 climbed 0.90% to 6,512.03, and in Frankfurt the DAX advanced 1.20% to 9.276.88. In Paris, the benchmark CAC 40 was up 1.11% at 4,176.02.
Watch the video below for a closer look at how European markets are doing in midday trading Wednesday:
A 1.3% fall in eurozone September retail sales, reported by EU statistics arm Eurostat a day before the European Central Bank's next meeting, clearly failed to dampen the mood as corporate news stole the spotlight.
In London, Marks & Spencer soared 8.2% after posting a 2.3% rise in first-half profit to a 268 million pounds, which was above expectations. The earnings increase was tempered by an unseasonably warm September, which had a 2.5% impact on clothing and general merchandise sales.
The retailer nevertheless said it expects its general merchandise unit to be more profitable this year, raising its projections for gross margins to widen by 1.5 to 2 percentage points from an earlier forecast of 1 percentage point. It also predicted its food business to keep outperforming the market, with 200 Simply Food store openings planned over the next three years, 50 more than originally planned.