- Eurozone PMIs rise more than forecast
- Chinese manufacturing activity grows
- UK sales rise less than forecast
- US jobless claims fall
- US new home sales slide
FTSE 100: 0.09%
CAC 40: 0.18%
FTSE MIB: 0.21%
IBEX 35: 0.33%
Stoxx 600: 0.32%
European stocks jumped on better-than-expected manufacturing data in the Eurozone and China.
Markit's composite purchasing managers' index (PMI) for the Eurozone, which measures manufacturing and services, rose to 54 in July from 52.8 a month earlier, beating estimates for the reading to remain unchanged. A figure above 50 signals expansion.
"The combination of solid domestic demand and strengthening global growth implies that economic activity in Europe should strengthen further in the second half, when we expect a quarterly growth rate around 0.5%," said Deutsche Bank.
The German manufacturing PMI increased to 52.9 this month from 52 in June, ahead of expectations of 51.9.
However, French manufacturing PMI shrank from 48.2 to 47.6 month-on-month, compared to consensus expectations of 48.0.
In China, HSBC/Markit's PMI for manufacturing climbed to 52 in July from 50.7 a month earlier, exceeding forecasts for a reading of 51.
In the UK, retail sales including auto fuel increased 0.1% in June from May, compared to a forecast for a 0.3% rise and the previous month's 0.5% fall.
Stateside, initial jobless claims dropped by 19,000 to a seasonally adjusted 284,000 in the week ended July 19th, according to the Labor Department. It followed 302,000 claims the previous week and compared to analysts' expectations for 310,000 claims.
Markit's US PMI for manufacturing decreased to 56.3 in July from 57.3 a month earlier, signalling the slowest improvement in overall manufacturing business conditions for three months.
US new home sales tumbled 8.1% in June after an 8.3% increase in May. Analyst had pencilled in a 5.8% drop.
Nokia surged as the Finnish network-equipment maker posted second-quarter earnings that beat forecasts.
Easyjet retreated after saying the addition of capacity at London's Gatwick airport has put fares under pressure.
Danske Bank rallied after raising its annual earnings forecast.
BASF slumped after the world's biggest chemical maker reported second-quarter earnings that missed market consensus.
Roche gained after largest maker of cancer drugs reiterated its forecast for revenue this year to increase by a low- to mid-single-digit percentage at constant exchange rates
and earnings per share to rise faster than sales.
The euro rose 0.03% to $1.3468.
Brent crude futures fell 0.474% to $107.52 per barrel, according to the ICE.