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European stocks close higher as US earnings raise confidence


Tuesday, 16 April 2019 23:31 WIB

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European stocks closed higher on Tuesday, as investors monitored a fresh batch of corporate earnings and supportive economic data.

The pan-European STOXX 600 index closed up 0.3% to 389.21, with most major bourses and sectors in positive territory.

Looking at individual stocks, shares of German online retailer Zalando rose to the top of the European benchmark, gaining nearly 11% after the firm said it expected to post an operating profit for the first quarter.

UniCredit also rose following a $1.3 billion settlement with U.S. authorities over alleged sanctions violations. Shares of the Italian bank were up nearly 3%.

Source : CNBC


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