European stock indexes ended Tuesday’s trading session on a positive note, as investors are watching economic data and trading in the euro. The euro managed to reverse against the US dollar after it approached the break-even price against the US currency for the first time in 20 years.
According to economic data, the ZEW business confidence index in Germany fell to its lowest level since 2011, hitting -53.8 from -28 in June last year. Shares of EDF Nuclear Energy rose 6% after a Reuters report indicated that the French government would pay more than 8 billion euros for control of the entire company.
As a result of the session, the European Stoxx 600 index rose by 0.5%, or two points, and closed at 417 points. The British FTSE 100 also rose by 0.2% (+13 points) to 7,209 points, the German Dax rose by 0.6% (+73 points) to 12,905 thousand points, the French CAC rose by 0.8% (+48 points), scoring 6044 points.
Source: El Iktisad
