European stock markets First hour: Indices open higher on solid German data
European stocks open higher today after better-than-expected German data indicating a recovery.
Data on Industrial Production in Germany, Eurozone's biggest economy, came in at +0.2% in February, beating expectations for an increase of +0.1%. In January Industrial Production grew +0.6%. Year on year the Industrial Production shrank -0.3% compared to a previous reading of +0.9%.
In the U.K. the Halifax House Price Index for March rose +0.4% compared to -0.3%. In the first quarter the index rose by +8.1%.
The commodity heavy FTSE 100 index is currently trading +0.50% quoted at 6,972.91 points. Germany's DAX 30 is trading at 12,095.75 points +0.50%. France's CAC 40 is currently trading at 5,162.87 points, +0.51%.
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