European equities powered higher Tuesday as markets got a confidence boost from Wall Street. The EuroStoxx index was trading almost 2 percent higher Tuesday, all sectors were in positive territory.
The autos sector was trading 2.2 percent higher after European October auto sales rose 2.7 percent in October on a year ago, according to industry data, the 26th straight month of growth. Volkswagen’s European sales and market share slipped in October, however, data from the Association of European Car-makers showed.
Shares of the carmaker traded 0.8 percent higher nonetheless, despite news that Volkswagen manipulated the carbon dioxide emission levels of more petrol-powered vehicles than previously disclosed. In UK, shares of budget airline easyJet were trading 3.1 percent lower after the group reported a full-year profit in line with its forecast range.
Euro Stoxx 50: +1,97%
SP500 fut: +0,42%