European Equity Benchmarks Close Higher


The broad-based major European indices closed higher in Tuesday’s trading session led the by rising healthcare-related stocks and industrials.

In economic news, employment increased 0.2% in both the euro area (EA19) and the EU28 in Q3, compared with the previous quarter, according to Eurostat, the statistical office of the European Union. In Q2, employment rose 0.4% in the euro area and 0.3% in the EU28.

Compared with the same quarter last year, employment increased 1.2% in the euro area and 1.1% in the EU28 in Q3. Eurostat estimates that 232.5 million men and women were employed in the EU28 in Q3, which is the highest level ever recorded.

In the U.K., the Consumer Prices Index (CPI) rose 1.2% in the year to November, compared with a 0.9% rise in the year to October, according to the Office for National Statistics (ONS). The rate in November was the highest since October 2014, when it was 1.3%. The main factors contributing to the increase were rises in the prices of clothing, motor fuels and recreational and cultural goods and services, most notably data processing equipment.