The broad-based major European indices closed higher in Thursday’s trading session, as bank stocks and industrials lifted the markets into positive territory.

In economic news, Eurostat, the statistical office of the European Union, said in Q4 of 2016 the gross weight of goods handled in the main ports of the European Union (EU) was more than 950 million tons, which was an increase of 1.4 % compared with the same quarter of 2015.

Despite continued growth since Q2 of 2013, the weight of goods passing through the ports in Q4 was still lower than the volumes seen before the start of the economic downturn in Europe, reported Eurostat. In Q4 of 2016, four member states handled more than 100 million tons of goods in their main ports: the Netherlands (150 million tons), the U.K. (117 million tons), Spain (116 million tons), and Italy (110 million tons).

In Germany, the inflation rate as measured by the consumer price index is expected to be 1.8% for September, according to the Federal Statistical Office (Destatis). Destatis also reported that consumer prices are expected to increase 0.1% from August.

In equities, aerospace and engineering company Rolls-Royce Holdings led the FTSE higher in London, rising 2.6%, followed by construction materials supplier CRH, and hospitality company InterContinental Hotels Group, which climbed 2.4% and 2.3%. Construction and industrial equipment rental company Ashtead Group closed 2.2% higher, while insurance firm Aviva and technology company Smiths Group were up 1.9% and 1.8% respectively.

In Frankfurt, Deutsche Bank and Commerzbank buoyed the DAX, rising 2.8% and 1.6%, followed by semiconductor company Infineon Technologies, and reinsurance group Munch Re, which climbed 1% and 0.8% respectively. Technology company Siemens and postal services provider Deutsche Poste each closed 0.6% higher.

And in Paris, bank stocks helped the CAC close higher, as BNP Paribas, Societe Generale, and Credit Agricole rose 1.4%, 1.2%, and 1% respectively. Industrial gasses company Air Liquide was up 1%, while industrial group Legrand and semiconductor company STMicroelectronics were up 0.9% and 0.8%. Construction materials supplier Cie de Saint-Gobain also closed 0.8% higher.

The FTSE gained 0.13%, the DAX rose 0.37%, and the CAC-40 increased 0.22%.


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