European markets close higher after data

Thursday, 16. November 2017 17:34

European equities closed with gains on Thursday as investors continue to sift through earnings and economic data. According to Eurostat, inflation in the Eurozone fell slightly in October to 1.4%, while the UK’s Office for National Statistics reported retail sales in the country increased at a pace of 0.3% last month.

During today's session, construction and materials was the best performing sector. The DAX closed 0.55% higher as shares of Infineon Technologies gained 3.46%, followed by HeidelbergCement rising 3.37%. The CAC 40 ended 0.66% up, led by Bouygues surging 5.06% after it reported higher sales and profits for the first nine months of the year. The FTSE 100 advanced 0.19% at the end of the session. One of the UK's largest property development companies, British Land jumped 3.69% boosted by its strong performance in the first half of the year. The euro was down 0.14% against the dollar at 5:52 pm CET, buying $1.17756, while the pound was 0.23% higher versus the greenback at 5:53 pm CET, going for $1.32013.

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