European stock markets opened firmly higher on Tuesday after data from China showed both retail sales and industrial production rose more than expected in August.
Investors also monitored developments in the Syria conflict after the U.S. said President Bashar al-Assad could avert a military strike by handing over his chemical weapons to the international community.
The Stoxx Europe 600 index rose 0.8% to 308.30.
Among country-specific indexes, the U.K.’s FTSE 100 index added 0.7%, while France’s CAC 40 index picked up 0.8% and Germany’s DAX 30 index jumped 1.2%.
Shares of Neste Oil Oyj rallied 13% after the firm upgraded its full-year guidance.
Ashmore Group PLC picked up 5% after a well-received earnings report.
Glencore Xstrata advanced 4.7%. The world’s biggest exporter of power-station coal said in a statement that “synergies” from its merger with Xstrata will be at least $2 billion, exceeding the initial guidance of $500 million. The Baar, Switzerland-based company released the statement before its investor meeting in London today.
Banco de Sabadell fell 1.5%. Spain’s fifth-biggest bank will initially raise as much as 650 million euros at 1.64 euros per share through accelerated bookbuilding, of which 425 million euros have already been pledged by international investors. Sabadell will then offer existing shareholders the right to buy new stock at 1.10 euros per share, the lender said.
Eiffage SA dropped 4.1%. Groupama SA sold shares of the company that manages toll roads and other infrastructure at 41.75 euros apiece, according to a person with direct knowledge of the transaction.
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