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European Equities Advance as Car-Makers, Financial Stocks Rise

European equities were trading higher on Tuesday morning, buoyed by gains among financial services providers, automobile and aviation stocks.

In economic news, total production output in the UK was estimated to have increased by 2.1% between the first quarter of the year and the second quarter, according to the Office for National Statistics ( ONS ).

The largest contribution to the quarterly increase came from manufacturing, which increased by 1.8%, according to the ONS. The largest contribution to the increase in manufacturing came from the manufacture of transport equipment, which increased by 5.6%.

In equities, payments and products services provider Worldpay Group led the gainers on London's FTSE 100 Index, advancing by 5.3%, followed by financial services provider Standard Life, up by 4.8% and low-cost airline EasyJet, 3.4% higher.

On Frankfurt's DAX, financial services provider Muenchener RuckversicherungsGesellschaft was 3.4% higher, followed by airline operator Lufthansa, up by 1.9% and car-maker BMW, up by 1.0%.

And, on Paris' CAC-40, oilfield services provider Technip was 2.0% higher, followed by aircraft manufacturer Airbus Group, 1.2% higher and car-maker Peugeot, up by 1.0%.

The pan-European Stoxx 600 Index was 0.23% higher, London's FTSE 100 Index was up by 0.28%, Frankfurt's DAX was 0.46% higher and Paris' CAC-40 was up by 0.52% at the time of writing.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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