European shares rise as investors focus on earnings

European shares rose on Friday, with the STOXX 600 up 0.3%, tracking modest weekly gains.

Saab surged 12.7% on strong Q2 earnings and an upgraded sales outlook; Vestas gained 8.8% after a J.P. Morgan upgrade.

GSK dropped over 6% after the FDA panel rejected its blood cancer drug Blenrep.

Electrolux tumbled 14.6% following weak Q2 performance and Reliance’s acquisition of Kelvinator.