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European markets close higher after data

By Jeff Davies

Stock markets in Europe closed in the green following fresh economic data released earlier in the day.

Eurostat reported that Eurozone reached a surplus of €17.9 billion in the international trade of goods in February, while Eurozone’s inflation stood at 1.4% in March. Meanwhile, the European Parliament adopted new rules dedicated to improving the fairness and transparency of online platforms, a move widely seen as another measure for curtailing the powers of the United States-based companies.

The DAX rose 0.47% at the close as Wirecard AG jumped 3.90%.

The CAC 40 ended the trading session up 0.62% thanks to Arcelormittal SA gaining 4.13%.

The FTSE 100 closed flat.

The euro added 0.17% against the US dollar, to sell for 1.1299, while the British pound lost 0.08% against the greenback to go for 1.3038 at 4:34 pm GMT.

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