E.U shares closed in green on better earnings

European shares closed the day in green following a two-day decline, as companies including Ferrovial SA and Next Plc reported better-than-expected results.

In fact Ferrovial rose 1.2 percent after the Spanish construction company posted first-half profit that exceeded projections and said it will buy back shares.

Plus Next advanced 2.6 percent after the retailer increased its annual profit and sales forecasts and  BP Plc declined 2.5 percent.

Renault SA slid the most in four months as the French carmaker revealed that it is consuming more cash than it did a year ago.

On geopolitics, Investors were kind of spooked by the new round of sanction against Russia, which came on the heels of the crash of Malaysian jet over Ukraine, killing 298 people on board.

The US and European Union leaders agreed on Monday to extend sanction on Russian business, defense and energy sectors.

In Gaza, the fighting continued between the Palestinian militant group Hamas and Israeli defense Forces (IDF), one day after both parties announced a new 24-hour ceasefire on Monday.

Accordingly:

 - London`s  FTSE 100  gained by 0.29% to 6807.75  

- Paris`s  CAC 40  gained by 0.48% to 4365.58

- Frankfurt`s  DAX 30  inclined by 0.58% to 9,653.63.