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- European stocks close: stocks closed higher, supported by gains of Portuguese banks and the better-than-expected Chinese gross domestic product
European stocks close: stocks closed higher, supported by gains of Portuguese banks and the better-than-expected Chinese gross domestic product
Stock indices closed higher, supported by gains of Portuguese banks and the better-than-expected Chinese gross domestic product. Banco Espirito Santo SA shares jumped 18% as Diario Economico reported the bank may raise 2 billion euros from new shareholders.
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.
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.
Husqvarna AB shares surged 7.9% after reporting the better-than-expected second-quarter operating income.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,784.67 +74.22 +1.11%
DAX 9,859.27 +139.86 +1.44%
CAC 40 4,369.06 +63.75 +1.48%
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