Stock indices closed higher as Greek proposal of economic reforms was approved by creditors.

Eurozone's consumer price index dropped 1.6% in January, after a 0.1% decrease in December.

On a yearly basis, Eurozone's final consumer price inflation remained unchanged at 0.6% in January, in line with expectations.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco remained unchanged at an annual rate of 0.6% in January, in line with expectations.

Germany's final GDP grew 0.7% in fourth quarter, in line with expectations.

The National Bank of Belgium (NBB) released its business survey on Tuesday. The business climate rose to -8.3 in February from -8.8 in January.

The increase was driven by positive developments in the manufacturing industry, in business-related services and in trade.

The Bank of England (BoE) policymaker Martin Weale said today that the BoE could start hiking its interest rates sooner than expected.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,949.63 +37.47 +0.54%

DAX 11,205.74 +74.82 +0.67%

CAC 40 4,886.44 +24.14 +0.50%