European Stocks Close Higher German Data Spike Buying Interest

By Investors Hub

European stocks have moved mostly higher on the day, with positive German business confidence data generating some buying interest. Investors are treading cautiously due to political uncertainty.

While the U.K.’s FTSE 100 Index has crept up by 0.1 percent, the French CAC 40 Index is up by 0.6 percent and the German DAX Index is up by 0.9 percent.

According to the German Research Institute, business confidence improved to a seasonally adjusted 117.5 in November, edging up from 116.7 in the preceding month.

In corporate news, Bayer shares are trading lower after the German conglomerate said that an INHALE Phase III clinical study program investigating Amikacin Inhale did not demonstrate superiority.