According to reports, on Thursday, European shares increased and Unilever, Credit Suisse, and others have said that they have got results better than what was expected, as the quarterly earnings season sped up in Europe.

The FTSEurofirst 300 index of European shares rose 0.1% at 1,587.57 points. It went down 0.6% in the earlier session.

Credit Suisse Group AG has been reported to be the top gainer, with 5% increase, following it posted earnings better than what was expected and made its capital protection better prior to unexpected result under new chief executive of the Swiss bank.

As per reports, one more Swiss company, the power and automation firm ABB based in Zurich saw an increase of 3.7% and since January 2014, it is its best performance in the face of declining profits for the reason that the figure still better than what analysts expected. And Unilever saw an increase of 1.9% after it reported higher-than-expected quarterly sales on Thursday, as a result of rise in its home and personal care businesses.

According to Vincent Guenzi, portfolio manager at Cholet Dupont, "Markets are in general regaining their composure... The earnings disappointments in the U.S. are being absorbed in Europe, largely down to the fact that valuations are not excessive. What we are still missing is evidence of forecast upgrades on the back of the earnings season”. Guenzi added that it is still somewhat early for that.

As per reports, Aberdeen Asset Management suffered big loss on the blue-chip pan-European index, and was down 6.3%.