European Markets on the Rise

Major European stock markets experienced a positive close on Tuesday, buoyed by encouraging economic indicators. The eurozone saw a slight decrease in annual inflation to 2.2% in March, down from 2.3% the previous month, alongside a stable unemployment rate of 6.1% in February.

Manufacturing Activity Picks Up

Manufacturing sectors in both the eurozone and Germany showed signs of expansion in March, signaling a potential rebound. However, the UK faced a contrasting scenario with factory activity hitting a 17-month low, despite an acceleration in annual house price growth to 3.9% in March.

Stock Performances Highlight the Day

Notable stock movements included Commerzbank AG surging 7.39% and Nokia Corporation up by 3.30%. The euro slightly decreased against the US dollar, trading at $1.08066, while the pound remained steady at $1.29248.