European Stocks Rise Ahead Of German ZEW Confidence Data

After two days in the red, European stock markets moved higher at the open on Tuesday ahead of the ZEW report, which is forecast to show an improvement in German investor confidence in June. The Stoxx Europe 600 index rose 0.4% to 346.78, after losing 0.5% in the prior session amid escalating violence in Iraq by Sunni militants.

The U.K.’s FTSE 100 index rose 0.2% to 6,769.62 on Tuesday, while France’s CAC 40 index picked up 0.5% to 4,532.85. Germany’s DAX 30 index added 0.8% to 9,964.81. Car makers were among advancers after data showed the auto industry continued to recover in May. Shares of Daimler AG climbed 1.2% and BMW AG rose 0.7%, both in Frankfurt. And in Paris, shares of Renault SA gained 1.5%, while Peugeot SA put on 0.8%.

Source : Marketwatch