BERNAMA – European stocks ended broadly higher on Tuesday, driven by optimism about corporate earnings, the potential for a United States (US) Federal Reserve interest rate cut, and anticipation of key economic data, including US inflation figures, reported dpa-AFX news.
French politics drew attention after President Emmanuel Macron declined to appoint a prime minister from the left-wing New Popular Front alliance, despite their recent electoral success.
In economic releases, the German economy contracted, as initially estimated, in the second quarter due to weak household consumption and investment, official data revealed.
German gross domestic product fell 0.1 per cent sequentially, in line with the flash estimate, following a 0.2 per cent rise in the first quarter, according to final results from Destatis.
Hopes of a consumer-driven recovery in the second half of the year got another hit with German consumer confidence dropping.
A monthly survey data from the market research group Gfk revealed that the forward-looking consumer confidence index fell to -22.0 from revised -18.6 in August.
