Stock indices closed higher on the mostly positive economic data from the Eurozone. Destatis released its trade data for Germany on Tuesday. Germany's seasonally adjusted trade surplus climbed to €22.8 billion in July from 22.1 in June.
Exports increased at a seasonally and calendar-adjusted 2.4% in July, while imports rose 2.2%. These were the highest seasonally adjusted monthly readings ever calculated both for exports and for imports, according to Destatis.
Germany's current account surplus was at €23.4 billion in July, down from €24.4 billion in June.
Eurostat released its revised GDP data today. Eurozone's revised gross domestic product (GDP) rose 0.4% in second quarter, up from the preliminary reading of a 0.3% increase, after a 0.5% gain in the first quarter. The first quarter's reading was revised up from a 0.4% rise.
On a yearly basis, Eurozone's revised gross domestic product (GDP) increased 1.5% in second quarter, up from the preliminary reading of a 1.2% gain, after a 1.0% rise in the first quarter.
Exports climbed to 1.6% in the second quarter, while imports rose to 1.0%.
According to the French Customs, France's trade deficit widened to €3.3 billion in July from €2.76 billion in June.
The rise in deficit was driven by lower exports and imports.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,146.1 +71.58 +1.18 %
DAX 10,271.36 +162.75 +1.61 %
CAC 40 4,598.26 +48.62 +1.07 %