European stock markets mid session: stocks traded higher, recovering yesterday’s losses despite the mostly negative economic data from the Eurozone

Stock indices traded higher, recovering yesterday's losses despite the mostly negative economic data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Wednesday. The preliminary consumer price inflation in the Eurozone declined to an annual rate of -0.1% in September from 0.1% in August, missing expectations for a fall to 0.0%.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco remained unchanged at an annual rate of 0.9% in September.

Food, alcohol and tobacco prices were up 1.4% in September, non-energy industrial goods prices gained 0.3%, and services prices climbed 1.3%, while energy prices dropped 8.9%.

Eurozone's unemployment rate remained unchanged at 11.0% in August. July's figure was revised up from 10.9%. Analysts had expected the unemployment rate to fall to 10.9%.

The Federal Labour Agency released its unemployment figures for Germany on Wednesday. The number of unemployed people in Germany climbed by 2,000 in September, missing expectations for a 5,000 decline, after a 6,000 decrease in August.

The number of unemployed people was 1.90 million in August, according to Destatis.

Destatis said that Germany's adjusted unemployment rate fell to 4.5% in August from 4.6% in July.

According to Destatis, German adjusted retail sales decreased 0.4% in August, missing forecasts of a 0.2% gain, after a 1.6% rise in July. July's figure was revised up from a 1.4% increase.

On a yearly basis, German retail sales jumped 2.5% in August, missing expectations for a 3.1% gain, after a 3.8% rise in July. July's figure was revised up from a 3.3% increase.

Sales of non-food products increased at an annual rate of 1.1% in August, while sales of food products climbed by 3.9%.

The Office for National Statistics (ONS) released its final gross domestic product (GDP) data on Wednesday. The final U.K. GDP expanded at 0.7% in the second quarter, in line with August's estimate, after a 0.4% rise in the first quarter.

On a yearly basis, the revised U.K. GDP rose 2.4% in the second quarter, missing August's estimate of a 2.6% increase, after a 2.7% gain in the first quarter. The first quarter's figure was revised down from a 2.9% rise

The downward revision was partly driven by a slower pace of the services sector. The service sector climbed 0.2% in July, compared with a 0.6% rise in June.

The U.K. current account deficit narrowed to £16.8 billion in the second quarter from £24.0 billion in the first quarter. The first quarter's figure was revised up from a deficit of £26.6 billion.

Analysts had expected the current account deficit to decrease to £22.25 billion.

The second quarter's current account deficit amounted to 3.6% of GDP, the lowest share of GDP in two years.

Declines in the current account deficit were driven by a drop in the deficit on the trade account and a decline in the deficit on the primary income account.

Current figures:

Name Price Change Change %

FTSE 100 6,033.81 +124.57 +2.11 %

DAX 9,676.65 +226.25 +2.39 %

CAC 40 4,454.63 +110.90 +2.55 %