Major stock indices in Europe in the green zone

Stock indices in Western Europe recovered after declining for three sessions to the lowest in almost three weeks.

Various statements by members of the Federal Reserve in recent days have forced some investors to believe that the US seriously intends to increase the Central Bank base interest rate in September.

However, Leil Brainard, member of the Board of Governors of the Federal Reserve said that the central bank should be cautious in raising interest rates, the markets have calmed somewhat and reduced the likelihood of a rate hike at the next meeting.

Meanwhile, market sentiment improved after data showed that China's industrial output grew in August at an annualized rate of 6.3%, exceeding the expectations of +6.1%, after rising 6.0% in the previous month.

In addition, consumer prices in Germany, calculated by the standards of the European Union increased in August 2016 by 0.3%. The indicator has coincided with the expectations.

Meanwhile, prices in Spain fell by 0.3% in annual terms, after falling 0.7% in July. Deflation continues in the country since May, 2014.

In Sweden, inflation stood at 1.1%, the highest since 2012, although it was slightly worse than forecasts.

In the UK, inflation has remained stable, while there was a marked acceleration in producer prices in August, the Office for National Statistics said.

Consumer prices advanced 0.6 percent year on year in August, showing the same growth rate as in July. Prices were expected to rise by 0.7 percent.

Core inflation, which excludes energy, food, alcoholic beverages and tobacco, remained stable at 1.3 percent in August. Economists had forecasted core inflation at +1.4 percent in August.

On a monthly basis, consumer prices rose by 0.3 percent, slightly slower than the growth of 0.4 percent, which economists had expected.

The composite index of the largest companies in the region Stoxx Europe 600 rose 0,1% - to 342.63 points.

The capitalization of the Swiss Foundation Partners Group Holding increased by 10% after the company reported an increase in profit in the first half of the year by 64%.

The cost of British sportswear retailer JD Sports Fashion has increased by 4.1% on profit growth in the first half of the year and the optimistic outlook for the second half of the year.

Meanwhile, the price of the UK online store Ocado Group Plc fell by 12%. The company said it does not expect any easing of pressure on margins in the near future.

RWE AG's shares fell 1% after analysts at DZ Bank confirmed its rating to "sell."

Shire Plc jumped 1.7% after Jefferies Group analysts confirmed their rating to "buy."

At the moment:

FTSE 6707.12 6.22 0.09%

DAX 10470.35 38.58 0.37%

CAC 4446.68 6.88 0.15%