By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- European stocks rose Tuesday, with
German equities stretching gains after data confirmed modest
quarterly growth for the eurozone's largest economy.
The Stoxx Europe 600 rose 0.4% to 347.09. The index on Monday
rose 0.1%, but ended off session highs as Jens Weidmann, the
president of Germany's central bank, said monetary policy has
limits to boosting economic growth and that governments need to
enact reforms in the labor and financial markets.
On Tuesday, Germany's Destatis statistics agency said gross
domestic product rose 0.1% in the third quarter, aided by more
spending by consumers. The agency earlier this month issued a
preliminary GDP reading of 0.1% growth. The contraction in the
second quarter was revised to 0.1% from a previous estimate of
0.2%. The report also backed a previous GDP-growth estimate of 1.2%
in the third quarter compared with the year-earlier period.
Germany's DAX 30 index climbed 0.8% to 6,738.87, with utility
RWE AG rising 2.9% and financial-sector heavyweight Deutsche Bank
AG up 2.6%.
In Paris, the CAC 40 index rose 0.4% to 4,389.46, and the U.K.'s
FTSE 100 edged up 0.1% to 6,738.52, with gains held back as shares
of Kingfisher PLC dropped following a decline in profit and sales
at the home-improvement retailer.
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opportunities in Europe
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This event is free, but RSVPs are required. It will be held
Wednesday evening, Dec. 3, in London. For more information or to
RSVP, send an email to marketwatchevent@wsj.com.
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