Economic news

European shares climb on solid corporate data

European stocks edged higher on Tuesday amid corporate trading updates and the euro’s decline.

The pan-European STOXX 600 index rose 0.2 percent as the euro softened versus the dollar.

Photo: Reuters

German DAX ticked up 0.4 percent and fashion house Hugo Boss jumped about 1.9 percent following 5% surge in preliminary fourth-quarter sales.

France’s CAC 40 gained 0.2 percent after Peugeot SA said it expects a 15% increase in worldwide sales for 2017.

The FTSE 100 sank 2 points to 7,767.55 after UK inflation showed a slight slowdown in December.

Sterling was steady at $1.3767, sliding from $1.3782 ahead of the release of fresh figures.

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