SKF shares rose recovery in the European economy
TBy Swedish industrial group SKF company earnings better than expected, boosted European stock markets on Tuesday (July 16) opened higher, continuing from the end of June 2013 recorded lows. 15:05 GMT, FTSEurofirst 300 index rose 0.1 percent to 1,201 points, the euro zone STOXX 50 index rose 0.1 percent, reported 2,689.73 points. SKF, the world's largest bearing manufacturer, its shares rose 2.3% after the company reported second-quarter earnings, the extent of decline in earnings better than expected. SKF shares rose reflects the European economy is slowly recovering, Scott Meech joint interests Bank (UBP) fund managers said that many signs that the European economy began a slow recovery, which means that now is the right time to re-purchase shares in Europe. Meech said, "because money is a reflux, and economic conditions are improving, re-examine the European concern.