LONDON (TheDeal) -- European stock indices edged higher on Tuesday, helped by a strong performance on Wall Street on Monday and better-than-expected data from the eurozone's largest economy.
German retail sales unexpectedly surged in January, expanding at a year-on-year pace of 5.3% in January, and rising 2.9% from December, well above consensus forecasts. However, separate data showed eurozone producer prices continued to tumble in January.
In the U.K. , meanwhile, a February index of the construction sector beat expectations.
In London, the FTSE 100 was up 0.16% at 6,951.44 . In Frankfurt, the DAX gained 0.21% to 11,434.29, and in Paris, the CAC 40 rose 0.27% to 4,929.93.
In London, mining groupGlencore (GLCNF) declined almost 2% after taking write-downs in 2014 because of lower commodity prices, including about $847 million on three African operations. Full-year earnings were in line with expectations, with core EBITDA declining 2% to $12.8 billion.
LenderBarclays (BCS) - Get Report was down about 3% after swinging to a full-year net loss because of £1.25 billion ($1.92 billion) in provisions for litigation related to the bank's foreign exchange operations, and a loss on a Spanish disposal. Fourth-quarter earnings came in only marginally ahead of consensus expectations, after a strong showing in the previous two quarters.
Building materials supplier Travis Perkins (TVPKF) , the U.K. market leader, fell almost 3% as investors took profits following a strong run since it joined the FTSE 100 last June.
The company beat consensus expectations with its full-year earnings and predicted it will be able to outperform the markets in which it operates in 2015 and over the medium term.
In Paris, media groupVivendi (VIVHY) rebounded about 3% after tumbling almost 5% on Monday following its decision to accept an offer from Altice (ATCEY) and Numericable-SFR (NUMCF) for its 20% stake in Numericable-SFR that was priced below the cable and wireless telecom group's prevailing market price.
The stock was buoyed by news that Bolloré (BOIVF) , a vehicle of the Vivendi supervisory board chairman Vincent Bolloré , had lifted its stake to 8.2% from 5.2%. Bolloré bought the shares for €21 per share and paid €852 million ($951.1 million) in total.
In Lisbon, shares in Banco Comercial Portugues (BPCGY) and Banco BPI (BBSPY) rose sharply on reports that Isabel dos Santos, daughter of the president of Angola and a shareholder in BPI, is attempting to engineer a merger between the two Portuguese lenders. The maneuver is a reaction to an offer for BPI by Spain's Caixabank (CIXPF) , which wants to increase its stake in the lender and remove a voting cap that restricts its rights to 20%.
In Australia, the Reserve Bank of Australia kept benchmark rates unchanged at 2.25%, defying expectations for a cut to 2% and sending the Australian dollar higher. The Australian benchmark index closed down 0.42%.
In Hong Kong, the Hang Seng closed down 0.74% at 24,702.78. In Tokyo, the Nikkei 225 edged 0.06% lower to close at 18,815.16, but the Topix closed up 0.12% at 1,526.83.