European Equity Benchmarks Close Slightly Higher

The broad-based major European indices edged higher in Thursday’s trading session, as home builders, mining stocks, and automotive firms helped lift the markets.

In economic news, industrial producer prices increased 0.3% in both the euro area (EA19) and the EU28 in November, compared with October, according to Eurostat, the statistical office of the European Union. In October, prices increased 0.8% in the euro area, and 1% in the EU28. In November, compared with November 2015, industrial producer prices gained 0.1% in the euro area and 0.7% in the EU28.

In the U.K., rising oil prices were driving increases at the petrol pump. Gasoline in the U.K. was now at its highest level in two years, according to weekly figures from the Department for Business Energy and Industrial Strategy.

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