Getinge gains on emerging market exposure Shares in Getinge made large gains on Wednesday morning after the Swedish medical technology group said its exposure to markets outside of Europe and North America would help fuel earnings growth for the rest of the year. Traders sent shares rallying 4.8 per cent to SKr181.40, the best performance on the FTSE Eurofirst 300, despite the group's weaker-than-expected second-quarter profit. The Europe-wide index edged up 0.1 per cent to 1,040.02. Nokia rebounded after five sessions of selling that saw the stock lose 14.6 per cent of its market capitalisation. Shares rose 2.6 per cent to €1.49 on a report that Nokia Siemens Networks, its joint venture in India, had won a contract to install wireless technology in Kolkata's subways. According to The Economic Times of India the deal is valued at €30m. Italy's two biggest banks advanced, UniCredit by 2.5 per cent to €2.79 and Intesa Sanpaolo by 2.1 per cent to €1.04, after Italy's central bank said the country's five biggest banks met European capital adequacy requirements Italy's benchmark index gained 0.2 per cent to at 13,893.83. Spain's Ibex 35 was the best performing index across Europe as traders digested news of more stringent austerity measures. The benchmark index rose 1.2 per cent to 6,806.9 after the government announced a fresh round of tax increases and spending cuts. BBVA was among the biggest gaining stocks on the FTSE Eurofirst 300, as shares rallied 2 per cent to €5.15. Meanwhile, European luxury brands continued to suffer losses. UK-listed Burberry fell 6 per cent to £12.07, while Paris-listed Hermes fell 2.9 per cent to €230.20. In Paris the CAC 40 fell 0.1 per cent to 3,174.04, while in Frankfurt the Xetra Dax rose 0.6 per cent to 6,479.26.