Most of the bourses in Europe finished on the positive territory on Tuesday’s session after a strong performance from U.S. markets.
The European stocks benchmark Stoxx 600 was marginally up on the markets closing by 0.13 percent. The CAC 40 in France also trade above the flat line by 0.08 percent as it managed to secure its gains from the previous session. The DAX 40 in Germany was also in the upbeat zone as it ended the day 0.35 percent up. The FTSE 100 in the United Kingdom didn’t follow the trend as it declined by 0.17 percent.
Looking at individual stocks, the auto sector has somehow limited the declines of the DAX 40. German automotive manufacturing firm BMW added more than 3 percent in shares, following the released news that showed Parkmobile plan to recapitalize its business and investment by BMW Group.
German luxury fashion house Hugo Boss was one of the best performers of the day as it added as much as 3.73 percent in shares due to its corporate earnings that came in better-than-expected. The company has returned to profit in last year’s fourth quarter, following a number of warnings regarding its profits.
Czech auto provider Skoda was 6.6 percent in the day after selling more than 1.2 million vehicles on the previous day. Volkswagen was also 2.28 percent up in shares.
The good performance from the markets at Wall Street also contributed to the gains of European indices as 30-stock index Dow Jones industrial average reached 26,000 for the very first time.