Economic news

European shares gain ahead of U.S. tax bill vote, German Ifo report

European stocks climbed on Tuesday after U.S. and Asian markets gained as traders waited for a voting on the largest overhaul of the U.S. tax system.

The pan-European STOXX 600 inched 0.2 percent higher to a five-week peak, extending Monday's gain.

DAX 30 index in Germany rose 0.2% to 13,337.03, while France’s CAC 40 index dipped 0.1% to 5,417.96.

The British U.K.’s FTSE 100 index ticked up 0.2% to 7,554.91.

Investors were watching closely for the German Ifo business climate index, which weakened unexpectedly in December.


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