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European shares rise as economic data overshadows losses

European equities began trading session on the green territory on Tuesday, trying to recover the several days losses as better-than-expected economic figure and corporate reports overshadowed latest trade friction escalation between U.S. and China. 

european stocks up 060819

The recent economic data from Federal Statistical Agency showed on Tuesday that German industrial orders bounced back, displaying more-than-expected results in July with strong corporate news, where British Rotork’s reported about first-half earnings results and German Deutsche Post changed upwards its 2019 forecast.

The pan-European index Stoxx 600 gained 0.48 percent, to 371.19 at 9.34 GMT.

German industrial orders grew by 2.5 percent in June, showing the significant growth since August 2017. This supported broadly the region main index. The German DAX 30 grew by 0.56 percent, to 11,723, while UK’s FTSE 100 was near the flat level, being still up by 0.01 percent, at 7,224, affected by heavily exposed to Chinese demand mining and commodity-based companies.

 The France CAC 40 grew by 0.77 percent, to 5,281; while Italy’s FTSE MIB and SPain’s IBEX 35 added 0.34 percent and 0.25 percent, to 20,843 and 8,799 respectively.

Here are some companies, shares of which buoye the European stocks: Vivendi (+5.96), Fresnillo (+4.45), Renault (+4.26), Siemens Gamesa Renewable Energy SA (+4.12), Buzzi Unicem (+3.81), Deutsche Post (+3.02), Wirecard (+2.65), Cap Gemini (+2.42), Fiat Chrysler (+2.27), Just Eat PLC (+1.94), etc.


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