ABB's CEO Ulrich Spiesshofer told CNBC Wednesday that the company had performed "quite well" in its first quarter, despite tough market conditions. Shares closed around 3.8 percent higher after the firm said it had improved its margin and increased cash flow by $200 million.
Shares of Europe's largest hotelier, AccorHotels rose by over 5 percent after its like-for-like sales rose by 1.9 percent in its first quarter. The company said demand was "strong" in most markets.
Overseas, Asia markets closed mostly lower, dragged down by weak performance in China's mainland markets.U.S. stocks were higher as investors digested more quarterly earning reports.
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