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- European stocks close: most stocks closed slightly higher due to the better-than-expected U.S. gross domestic product
European stocks close: most stocks closed slightly higher due to the better-than-expected U.S. gross domestic product
Most stock indices closed slightly higher due to the better-than-expected U.S. gross domestic product. The U.S. preliminary gross domestic product increased at an annual rate of 3.5% in the third quarter, beating expectations for a 3.1% gain, after a 4.6% rise in the second quarter.
The number of unemployed people in Germany declined by 22,000 in October, beating expectations for a 5,000 increase, after a 9,000 gain in September. September's figure was revised down from a 13,000 rise.
Germany's adjusted unemployment rate remained unchanged at 6.7% in October, in line with expectations.
Germany's preliminary consumer price index declined 0.3% in October, after a flat reading in September. Analysts had expected the consumer price index to remain unchanged.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,463.55 +9.68 +0.15%
DAX 9,114.84 +32.03 +0.35%
CAC 40 4,141.24 +30.60 +0.74%
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