4/17/2018, 5:30 PM (Source:
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European markets rally with earnings in focus

European markets closed firmly in the green on Tuesday as investors monitor the latest earnings reports. In data, unemployment figures for the United Kingdom showed the jobless rate fell to 4.2% in the three months to February, while average weekly earnings excluding bonuses increased by 2.8% compared to the same period a year earlier.

The DAX gained 1.57% as Linde soared 3.20%, followed by Covestro rising 3%. The CAC 40 added 0.91% with Unibail-Rodamco leading the gains. The FTSE 100 advanced 0.39%; Russian steel company Evraz surged 6.68% after experiencing significant losses earlier this month after the United States slapped new sanctions on Russian oligarchs and government officials. The euro declined 0.28% versus the greenback at 5:42 pm CET, going for 1.23450.

Breaking the News / JC