European stocks closed higher for a fifth session in a row on Tuesday, as upbeat German economic data and a major strategic move by French telecom Altice NV cheered investors.
The Stoxx Europe 600 index gained 0.4% to end at 400.11, notching a fresh 2½ year high and closing above 400 for the first time since mid-2015. On Monday, the index rose 0.3%.
In Frankfurt on Tuesday, the DAX 30 index added 0.1% to finish at 13,385.59, staying around a two-month high.
France’s CAC 40 was up 0.7% at 5,523.94 for a 10-year closing high, while the U.K.’s FTSE 100 index rose 0.5% to end at 7,731.02 for a fresh record close.
The euro traded at $1.1919, lower than $1.1968 late Monday in New York.