European stocks in green on Tuesday after the better-than-expected report on the German investor sentiment for August showed an improvement.
The pan-European Euro Stoxx 50 rose 0.48% higher to 2,840.50 at the time of writing, while the German DAX gained 0.79% closing at 8,425.30 at the same time. The French CAC 40 advanced 0.37% to 4,086.80, while the UK’s FTSE 100 added 0.54% to 6,610.00.
The ZEW Economic Sentiment for Germany rose to 42.0 points in August, exceeding previous record of 36.3 for the month of July and analysts estimated reading of 39.9, according to reports from the Center for European Economic Research.
The ZEW survey shows that the current survey improved to 18.3 in the month of August from previous record of 10.6 in July.
The ZEW reports were released for Germany as well as the euro zone with reading that showed it rose to 44 points in the month of August from previous month’s record of 32.8 and estimated record of 37.4%.
Consumer prices in Germany rose slightly in the month of July by 0.5% on a monthly basis, while on a yearly basis, the consumer prices picked up 1.9%, according to reports from the Federal Statistical Office.
While the Euro zone industrial production slightly rose by 0.7% in the month of June on a monthly basis, while on an annual basis it rose by 0.3%, according to the European statistical office Eurostat.
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