European shares rose as investors cheered UniCredit results
Schaeffler shares climbed 5.9 percent after the car parts maker raised sales guidance for its industrial division.
Europe's gains came on the heels of a stronger trading session in Asia as investors' focus shifts from a murky, complex trade war to company earnings which they can more easily pin down and price into markets.
The Italian index rose 0.6 percent, out-doing the pan-European STOXX 600 which gained 0.3 percent.
Commerzbank shares fell 3.5 percent to the bottom of Germany's DAX, however, as investors reacted badly to a weaker-than-expected capital buffer and its forecast for lower revenues from corporate clients in 2018.
Industrial machinery and equipment maker Oerlikon jumped 9.7 percent after reporting.
It helped boost the autos sector up 1 percent, among top gainers. Germany's DAX also jumped 0.6 percent thanks to its carmakers.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)