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European stocks rally on positive economic data

European stocks rally on positive economic data
Photo Credit: Arabianeye-Reuters

Mubasher: European stocks rose on Tuesday, fuelled by positive economic data in the euro zone.

Euro zone economic sentiment hit a four-year high in September on optimism in industry and the retail and services sectors, European Commission data  showed on Tuesday.

Germany’s DAX rose 0.31% after falling 0.60% in early trading. France’s CAC also gained 0.81% after losing 0.7% in the morning.

STOXX 600 Index trimmed its losses from 0.4% to 0.17%.

FTSE100 was down 0.50% although UK mortgage lending rose in August by the most since the global financial crisis in 2008.