European stocks rose Tuesday, with major indexes starting the second quarter with gains as data showed the euro zone’s manufacturing sector remains on a path to recovery.
The Stoxx Europe 600 was up 0.5% to 335.71.
France’s CAC 40 pushed up 0.5%, U.K.’s FTSE 100 move higher by 0.4% and Germany’s DAX 30 bounced up 0.5%.
Data showed on Tuesday the unemployment in Germany fell by 12.000 during March, following a 15.000 decrease the previous month, while economists had forecast a 10.000 drop. The unemployment rate remained at 6.7%, against expectations of 6.8%.
German PMI Manufacturing decreased to 53.7 points in March, from 54.8 points in February, that was almost in line with market consensus of 53.8 points.
Eurozone PMI Manufacturing expansion slowed down to 53.0 points in March, from 53.2 points in February.
The UK PMI Manufacturing fell to 55.3 points in March, from 56.2 points in February, while analysts expected a rise to 56.7.
Shares of Alstom SA rose 5.7% after the engineering conglomerate said it sold part of its steam-power business to investment fund Triton for an enterprise value of roughly 730 million euros ($1 billion).
Shares of BHP Billiton PLC added 2.6% after the mining-sector heavyweight said it may further overhaul its portfolio to focus on up to five key commodities.
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