Major stock indices in Europe show a positive trend

European stocks rose as positive data on China's inflation, improved the mood, while markets focused on the upcoming US economic data and Yellen's. speech.

It was reported that producer prices (PPI Index) in China in September rose by 0.1% in annual terms. This is the first increase in 4.5 years - this indicator decreased 54 consecutive months.

Consumer prices (CPI Index) in China in the past month increased by 1.9% in annual terms, which was above the average forecast of Wall Street analysts, after increasing 1.3% in August.

Positive statistics eased fears over global economic growth after data released on Thursday showed that China's trade surplus narrowed to $ 41.99 billion in September from $ 52.05 billion in the previous month.

The composite index of the largest companies in the region Stoxx Europe 600 rose 0,8% - to 338.18 points. Since the beginning of the week the index is down 0.4%.

Dynamics of mining companies outperformed the market on upbeat economic data from China, the largest consumer of metals in the world with the world's second largest economy.

Shares of BHP Billiton rose 2,3%, Rio Tinto - by 2.9%.

Shares of Anglo American rose in price by 2.1% on rumors that Apollo Global Management Fund and Xcoal Energy & Resources intend to acquire the company's coal assets in Australia.

Man Group jumped 12.7%. The company reported an increase in assets under management by 6% in the last quarter, and announced its intention to acquire Aalto Invest Holding AG competitor.

Shares of German chemical company BASF SE rose 1.2%, supported by the quarterly income statement that beat forecasts.

At the moment:

FTSE 7034.76 57.02 0.82%

DAX 10585.37 171.30 1.64%

CAC 4487.75 82.58 1.87%