Major stock indices in Europe trading mixed

European stocks traded mixed as traders continue to assess the impact of Trump's victory. However, the markets were supported by the renewed increase in oil prices.

"Stock indexes in Europe will potentially continue trading in a narrow range, - said William Hobbs, chief investment officer at Barclays -. The looming Italian referendum, Trump's administration as well as elections in France and Germany in the next year may well enhance the care of many investors' .

Oil prices have risen by about 1% in response to the weakening of the US dollar in anticipation of US data on inflation and the real estate market.

Certain influence on the dynamics of trade had statistical data on Britain and the euro zone. The Office for National Statistics reported that retail sales in the UK increased significantly in October, as cold weather boosted sales of clothing and Halloween celebrations contributed to the growth of sales in supermarkets. Recent data highlight the robust state of the British consumer since the referendum, even if the one-off factors that caused the rise in demand in October, unlikely to be sustainable.

The volume of retail sales rose by 1.9 percent after +0.1 percent in September. Analysts had expected an increase of 0.4 percent. Compared with 2015, sales rose by 7.4 percent.

Meanwhile, the final data provided by Eurostat showed that in October, consumer prices in the eurozone rose by 0.2% after rising 0.4% in September. Analysts had expected that the prices will increase by 0.3%. Meanwhile, the annual rate of inflation accelerated to 0.5% from 0.4% in the previous month. The core index, which excludes energy and food prices, rose 0.8% year on year, confirming the forecasts and coincided with the previous estimate.

The composite index of the largest companies in the region Stoxx Europe 600 added 0.2 percent.

Capitalization of Royal Ahold Delhaize NV fell 2.8 percent, as the volume of the company's quarterly earnings did not meet analysts' forecasts.

Shares of Royal Mail fell 7 percent after reporting a drop in adjusted operating profit.

Cost of Sodexo shares sank 1.9 percent after the company reported a smaller-than-expected amount of income.

ABN Amro Group shares fell 2.5 percent on the news that the Dutch bank sold 65 million of its shares.

Shares of Zurich Insurance Group AG increased by 2.6 per cent after the insurer announced its intention to increase dividends and reduce costs.

At the moment:

FTSE 100 +27.08 6776.80 + 0.40%

DAX -19.51 10644.36 -0.18%

CAC 40 +3.09 4504.23 + 0.07%