European exchanges have grown on economic and corporate news
Leading European stock indices completed trading on Tuesday on green zone. DAX added 0.61%, FTSE 100 added 0.12%, CAC 40 added 0,48%. The supportive factor was the positive economic data and corporate news. In Germany, industrial order growth in August exceeded expectations analysts, having increased by 4.5% in monthly terms. Experts expected it to grow by 2.6%. For comparison, in July, this indicator was 3.3%. UK Industrial PMI in September showed an increase of 56.8 points, which is 2.2 p. above the value of August (data provided by analytical company Markit Economics). Analysts, on the contrary, predicted its decline to 54 points. The dynamics at the stock exchanges was also supported by news about energy plans. Engie to conclude a deal with the French concern Veolia on the sale of a stake in Suez, specializing in public utilities. After that, the news of Engie shares went up by 2.85%, Suez - by 4.58%, Veolia - by 1.95%.