Stock indices traded higher due to the better-than-expected Chinese gross domestic product. China's gross domestic product rose 7.5% in the second quarter, exceeding expectations for a 7.4% increase, after a 7.4% in the previous quarter.

Markets participants are awaiting the Fed Chair Yellen's testimony before the House Financial Services Committee later in the day.

Eurozone's trade balance surplus rose to €15.3 billion in May from €15.2 billion in April, missing expectations for an increase to €16.3 billion. April's figure was revised down from a surplus of €15.8 billion.

The unemployment rate in the UK decreased to 6.5% in the three months to May, from 6.6% in the previous three months. That was the lowest level since October to December 2008.

Banco Espirito Santo SA shares increased 5.3%.

Current figures:

Name Price Change Change %

FTSE 100 6,771.67 +61.22 +0.91%

DAX 9,838.01 +118.60 +1.22%

CAC 40 4,366.16 +60.85 +1.41%