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European stocks were mostly higher on Tuesday as strong export data from China reinforced optimism around a swift global economic recovery.<\/p>\n
Amid rising inflation expectations, investors await key U.S. inflation data later in the day for further direction.<\/p>\n
The pan European Stoxx 600 edged up 0.2 percent to 436.24 after declining half a percent in the previous session. <\/p>\n
The German DAX and France’s CAC 40 index gained around 0.3 percent, while the U.K.’s FTSE 100 was marginally lower as a firmer pound weighed on dollar-earning companies.<\/p>\n
Givaudan shares advanced 2.8 percent. The Swiss manufacturer of fragrance and flavor products reported that its first-quarter sales rose 3.4 percent from last year.<\/p>\n
Swedish IT solutions provider Dustin rallied 3 percent after announcing it would buy Centralpoint for 425 million euros ($505.6 million).<\/p>\n
Miners Anglo American, Antofagasta and Glencore rose between half a percent and 1.2 percent after customs data showed Chinese exports climbed 30.6 percent in dollar terms in March from a year earlier.<\/p>\n
BP Plc and Royal Dutch Shell were down about 1 percent even as oil prices ticked up amid Middle East tensions.<\/p>\n
Defense contractor Babcock International jumped 33 percent on restructuring news.<\/p>\n
Hays rallied 2.3 percent after the recruiter said it expects annual profit to be ahead of market expectations.<\/p>\n
JD Sports Fashion climbed 3 percent as the retailer reinstated dividend payments and forecast higher earnings for the current year.<\/p>\n
Online food ordering company Just Eat Takeaway gained 2.6 percent after saying its first-quarter orders rose 79 percent.<\/p>\n
In economic releases, German economic sentiment deteriorated in April, survey results from the ZEW – Leibniz Centre for European Economic Research showed.<\/p>\n
The ZEW Indicator of Economic Sentiment fell 5.9 points to 70.7 points. This was the first time that the indicator has experienced a drop since November 2020 and was well below economists’ forecast of 79.0.<\/p>\n
The U.K. economy<\/span> expanded in February but at a slower than expected pace, data from the Office for National Statistics revealed.<\/p>\n Gross domestic product grew 0.4 percent, following a revised 2.2 percent fall in January. But this was slower than the expected growth of 0.6 percent. February’s GDP was 7.8 percent below the levels seen in February 2020. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n