European markets mostly gain as industrial output surges

By Ovunc Kutlu

ANKARA (AA) – European stock markets closed mostly with gains on Wednesday as a surge was announced for industrial production in August.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 3.18 points, or 0.7%, to close at 460.39.

London's FTSE 100 increased 11 points, or 0.16%, to 7,141, while Germany's DAX 30 added 102 points, or 0.68%, to 15,249.

France's CAC 40 was the best performer of the day by rising 0.75%, or 49 points, to close at 6,597 points.

Italy's Borsa Italiana FTSE MIB 30 and Spain's IBEX 35 were the only indices to end the day in negative territory.

While FTSE MIB 30 lost 31 points, or 0.12%, to 25,958, IBEX 35 fell 54 points, or 0.61%, to 8,881.

Europe's industrial production in August increased year-on-year, the EU's statistical authority said earlier. The reading was up 5.1% in the eurozone and 5.3% in the EU27 from the same month of last year, according to Eurostat.