European stocks rose due to the best performance from its financial and tech sector

European Markets

Markets in Europe finished in the positive territory on Tuesday’s closing bell. Global investors are currently keeping an eye on earnings reports before the U.S. Federal Reserve’s two-day meeting concludes.

The European stocks benchmark Stoxx 600 was 0.6 percent higher on the market’s closing, with all of its major bourses and most sectors finishing on the green. The DAX index in Germany was the best performer on the day by settling 0.8 percent up.

The British-based residential property developer was one of the top gainers among other European companies after it reported a 17 percent profit increase for the first quarter of the fiscal year. Shares of the firm edged up by 3.5 percent on the day. Meanwhile, ballpoint pen maker Bic did not follow the trend after UBS initiated coverage of the stock with the rating “sell”. The firm dropped at the bottom of the European benchmark as it lost more than 5.9 percent in shares.

Stocks from the financial sector were also one of the leading advancers as it closed the day 1.4 percent up. Private equity company Partners Group added 3.5 percent in shares, following its announcement that its profit rose for the year 2017. The firm’s goss demand also jumped between 11 billion and 14 billion euros for this year.

Looking at tech stocks, it rebounded by afternoon trade, finishing the day 0.4 percent higher. The sector did not mind the recent sell-off of Facebook shares in the United States last Monday. This came in after the announcement Facebook allowed inappropriate usage of its own data.


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