European stocks open higher today after better-than-expected German data indicating a recovery.
Data on Industrial Production in Germany, Eurozone's biggest economy, came in at 0.2% in February, beating expectations for an increase of 0.1%. In January Industrial Production grew 0.6%. Year on year the Industrial Production shrank -0.3% compared to a previous reading of 0.9%.
In the U.K. the Halifax House Price Index for March rose 0.4% compared to -0.3%. In the first quarter the index rose by 8.1%.
The commodity heavy FTSE 100 index is currently trading 0.50% quoted at 6,972.91 points. Germany's DAX 30 is trading at 12,095.75 points 0.50%. France's CAC 40 is currently trading at 5,162.87 points, 0.51%.