European shares up; DAX outperforms after strong trade data

Reuters Updated - January 22, 2018 at 07:37 PM.

european

European equities climbed higher on Tuesday, with Germany's benchmark DAX share index outperforming the broader stock market after a strong set of German trade data.

At 0711 GMT, the pan-European FTSEurofirst 300 index was up 1.0 per cent at 1,413.52 points, while the DAX was up 1.2 per cent.

German exports and imports hit record highs in value terms in July, suggesting foreign appetite for goods from Europe's largest economy remained robust despite a slowdown in China, while domestic demand was also holding up well.

Analysts said a late bounce in Chinese stocks had also helped sentiment. The Shanghai Composite Index rose 2.9 per cent after falling earlier in the session.

Published on September 8, 2015 06:25