EssilorLuxottica gains after revenue rises
Capgemini drops after expecting 2024 revenue to fall
NatWest up on upbeat results, buys Metro Bank39;s mortgage unit

July 26 Reuters European shares ticked higher on Friday, as gains in EssilorLuxottica offset declines due to a mixed batch of corporate earnings, while the benchmark was set for a modest weekly gain.

The panEuropean STOXX 600 index moved 0.5 higher by 0831 GMT after hitting the lowest in more than two months in the previous session.

In the absence of a strong negative trigger, there39;s positive sentiment coming through from buying the dip and expectations of monetary policy loosening, said Thomas Gehlen, senior market strategist at SG Kleinwort Hambros.

We39;re in the middle of a pretty turbulent earning season and it39;s been proving more of a storm rather than a gentle tailwind.

EssilorLuxottica jumped 8 after the RayBan maker39;s revenue rose 5.2 in the second quarter, supported by demand in the Europe, Middle East and Africa region.

Luxury stocks rose 2.2, and were set for their best day since January, buoyed by a 4.3 gain in Hermes after the Birkinbag maker reported a 13 rise in secondquarter sales, demonstrating the continued appetite from wealthy shoppers.

The luxury sector took a severe beating this week, dragging down the STOXX 600 as quarterly reports left investors underwhelmed.

Deepening the turmoil, European tech shares have declined 12 over the past two weeks, amid a global selloff…