European stocks moderately extend early gains after better-than-expected German data indicating a recovery and the Greek announcement that the country is going to pay a 450 million euro to the International Monetary Fund.
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%.
U.K.'s Total Trade Balance for February came in at .2.85 compared to -0.62 in January. Trade in Goods showed a larger deficit. The index has a reading of -10.3 for February, below estimates of -9.1 and a previous reading of -8.4.
The commodity heavy FTSE 100 index is currently trading 0.67% quoted at 6,983.86 points. Germany's DAX 30 is trading at 12,096.28 points 0.50%. France's CAC 40 is currently trading at 5,181.30 points, 0.87%.