European stocks close: stocks closed higher as oil prices jumped

Stock indices closed higher as oil prices jumped. Oil prices increased more than 4% on speculation that oil production will decline and on a weaker U.S. dollar.

Meanwhile, the economic data from the Eurozone was negative. Destatis released its factory orders data for Germany on Tuesday. German seasonal adjusted factory orders dropped 1.8% in August, missing expectations for a 0.5% increase, after a 2.2% fall in July. July's figure was revised down from a 1.4% decrease.

The decline was driven by a drop in foreign and domestic orders. Foreign orders decreased by 1.2% in August, while domestic orders fell by 2.6%.

New orders from the Eurozone rose 2.5% in August, while orders from other countries slid 3.7%.

Orders of the intermediate goods fell by 0.4% in August, capital goods orders were down 2.8%, while consumer goods orders decreased 1.5%.

Halifax released its house prices data for the U.K. on Tuesday. House prices in the U.K. decreased 0.9% in September, after a 2.7% rise in August.

On a yearly basis, house prices climbed 8.6% in the three months to September, after a 9.0% increase in the three months to August.

"Housing demand has been strengthening recently, underpinned by economic growth, rising real earnings and very low mortgage rates. Increasing demand is combining with very low supply to drive robust underlying house price growth," Halifax's housing economist Martin Ellis said.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,326.16 +27.24 +0.43 %

DAX 9,902.83 +88.04 +0.90 %

CAC 40 4,660.64 +43.74 +0.95 %