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European equity markets secure gains after upbeat German industrial data

FXstreet.com (Barcelona) - The European stock markets yielded a higher performance Wednesday, having operated in the absence of any catalysts outside the recent release of German economic data. In particular, the paramount data release of the European session has concluded with the Industrial Production s.a. w.d.a. (YoY) coming in at -2.5% in March, vs. expectations of -3.8%. In addition, Industrial Production s.a. (MoM) yielded a climb of +1.2% in March, against estimates of just -0.1%.

Beginning with the indices and composites, the EURO STOXX 50 rose +0.33% as it settles in region of 2778.34, up +9.26 points in these moments. In addition, the FTSE 100 is trading in positive territory, operating at 6573.98, ascending +16.68 points or +0.25% at the time of writing. Finally, the DAX has climbed higher at the opening, trading in the zone of 8223.91, presently +0.51% after a movement of +42.13 points.

Moving to commodities the prices of gold and silver are trading at USD $1452.46 and $23.80 per oz. respectively. Moreover, the price of crude is operating at USD $95.53/bbl Wednesday.

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