Europe closes higher after economic data release - Breaking The News
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Europe closes higher after economic data release

EPA-EFE/NEIL HALL

Major stock equities in Europe ended Thursday's trading session with gains in the wake of investors reacting to Germany's and Spain's inflation data, and Eurozone consumer confidence report which seemed to indicate a positive economic trend.

German DAX was up by 0.75% with Adidas AG rising 2.03% and France's CAC 40 increased by 0.84% after STMicroelectronics N.V expanded 2.92%. The UK's FTSE 100 gained 0.43% as Spirax Group PLC rose 3.91% and Euro Stoxx 50 jumped 1.06% with Nokia Corporation surging 5.07%.

The euro lost 0.39% against the dollar to trade for $1.10759 at 5:28 pm CET while the pound sterling fell 0.23% to sell for $1.31603 a minute later.

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