Europe closes higher on positive data, trade news

Tuesday, 12. November 2019 17:30

Major European stock markets finished Tuesday's trading session in the green with the focus on economic data and the ongoing trade dispute between Washington and Brussels. The Centre for European Economic Research reported economic sentiment in Germany significantly improved in November. The United Kingdom's Office for National Statistics announced the country's unemployment fell to 3.8% in November.

In London, the FTSE 100 rose 0.50% at the closing bell. Aveva Group plc was the best performer on the index, gaining 3.66%. Germany's DAX was 0.65% higher, with Infineon Technologies AG jumping 6.18%. The CAC 40 in France increased 0.44%, as Credit Agricole Group advancing 2.62%.

The euro slipped 0.17% against the dollar to sell for 1.10137 at 5:29 pm CET. At the same time, the pound was flat against the greenback, going for $1.28465.

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Author:
Breaking the News / MD