European stock indices are rising on positive data
The growth of the Stoxx Europe 600 index and national stock indices in Europe is fueled by corporate news and economic data
Stock market indices in Western Europe are rising, driven by positive economic indicators from the eurozone and news from major corporations, reports Interfax-Ukraine.
For example, the Stoxx Europe 600 rose by 0.23%, and the national indices of the largest European countries also showed growth: the FTSE 100 in the UK increased by 0.34%, the DAX in Germany by 0.09%, the CAC 40 in France by 0.07%, and the Italian FTSE MIB and the Spanish IBEX 35 also grew.
It is also worth noting the record level of the German DAX index and the highest indicator of the Italian index since 2008.
The eurozone construction sector business activity index improved, reaching 43.4 points, with increases in France and Italy, although a decline was recorded in Germany.
In corporate news, shares of TUI AG surged on the back of the company's net profit and increased revenue, as well as a possible departure from the London Stock Exchange.
Rio Tinto shares rose due to investment plans in a project in Guinea.
Meanwhile, shares of Merck KGaA and British American Tobacco fell due to negative news, including unsuccessful clinical trials and the alleged write-off of asset values.
Fresenius lowers stock quotes due to the decision not to pay dividends and bonuses. In the automotive sector, shares of Volkswagen and Porsche are rising.