European stocks end higher as economic activity hovers at 6-year high quoting : "CNBC"

European stocks closed in the green on Tuesday, with French facebook/" target="_blank">shares among the biggest advancers as eurozone economic activity remained at a six-year high. "This sentiment is also spreading across financial markets, with many market participants now realizing that the eurozone economy had been written off too early," he said. Severn Trent PLC shares SVT, +2.01% rose 1.8% after the British water company upgraded its dividend policy and posted a rise in fiscal 2017 earnings. Overall, the IHS Markit eurozone PMI held a six-year high in May, at 56.8. The figures indicated an 11th straight month of private sector growth in Europe's third-largest economy, said IHS Markit.


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This positive sentiment in Europe followed economic data showing the euro zone keeping up a strong growth rate. In particular, the French private sector rose to a six-year high in May supported by the election of President Emmanuel Macron. This boosted the French CAC 40, which closed up 0.47 percent, and banking facebook/" target="_blank">shares, which closed up 0.79 percent as a sector. On the other hand, the Swiss firm Clariant dropped 2.55 percent on Tuesday as shares took a breather after strong gains seen on Monday. Nokia lumia was crowned the STOXX 600's best performer, ending 6.43 percent higher.


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collected by :John Miller