European stock markets mid session: stocks traded higher as oil prices rebounded

Stock indices traded higher as oil prices rebounded.

Market participants are awaiting the release of the Fed's monetary policy meeting results on Wednesday. Analysts expect the Fed to raise its interest rate.

Meanwhile, the economic data from Eurozone was positive. The ZEW Center for European Economic Research released its economic sentiment index for Germany and the Eurozone on Tuesday. Germany's ZEW economic sentiment index climbed to 16.1 in December from 10.4 in November, exceeding expectations for a rise to 15.0.

"While the large influx of refugees is above all a major challenge facing policy-makers and civil society in Germany, the economic slowdown in emerging markets is exerting pressure on the German export industry. Overall, however, confidence is growing that the German economy is sufficiently robust to meet these challenges in the coming year," the ZEW President Clemens Fuest.

Eurozone's ZEW economic sentiment index increased to 33.9 in December from 28.3 in November, missing expectations for a rise to 34.4.

Eurostat released its employment growth data for the Eurozone on Tuesday. Eurozone's employment increased by 0.3% in the third quarter, exceeding expectations for a 0.2% gain, after a 0.4% rise in the second quarter. The second quarter's figure was revised up from a 0.3% gain.

Main contributors were Estonia (+2.1%), Ireland, Spain, Luxembourg and the United Kingdom (all +0.6%).

The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index rose to 0.1% year-on-year in November from -0.1% in October, in line with expectations.

The rise was driven by a smaller drop in petrol and diesel prices.

On a monthly basis, U.K. consumer prices were flat in November, beating expectations for a 0.1% decline, after a 0.1% increase in October.

Consumer price inflation excluding food, energy, alcohol and tobacco prices climbed to 1.2% year-on-year in November from 1.1% in October, in line with expectations.

The Retail Prices Index climbed to 1.1% year-on-year in November from 0.7% in October, exceeding expectations for an increase to 0.9%.

The consumer price inflation is below the Bank of England's 2% target.

Current figures:

Name Price Change Change %

FTSE 100 5,974.01 +99.95 +1.70 %

DAX 10,358.23 +218.89 +2.16 %

CAC 40 4,577.93 +104.86 +2.34 %