LONDON ( The Deal) -- European stock indices reversed early losses to move higher on Thursday after positive manufacturing data pointed to a eurozone recovery.
In London, the FTSE 100 was up 0.15% at 6,808.27 by mid-morning local time. In Frankfurt, the DAX rose 0.37% to 9,789.43. In Paris, the CAC 40 climbed 0.65% to 4,404.96.
The Markit Economics Purchasing Managers' Index for the eurozone in July came in slightly ahead of expectations, and rose from the June reading. The same index in China, where it is compiled with HSBC Holdings, also came in ahead of expectations.
In the U.K., June retail sales growth fell below forecasts, easing pressure on the Bank of England to raise rates from a historic low 0.5%.
The corporate news flow was mixed but investors during the course of the morning revised their initial glass-half-empty view of several company bulletins.
In London and Amsterdam, Unilever (UL) initially fell but then stabilized after posting below-forecast second-quarter underlying sales growth of 3.8%. In the first half, revenue rose 5.5% to 24.1 billion euros ($32.5 billion) and net profit rose 12% to 3 billion euros following disposals. The company said growth is still slowing in Asia and other emerging markets and that developed markets remain weak, "with little sign of any recovery in North America or Europe."
Sugar producer Tate & Lyle also recovered losses it sustained after reporting of a "challenging" first quarter, when it faced a triple whammy of a harsh U.S. winter, a factory shutdown in Singapore following an industrial accident, and a strong rise in sterling. It said supply constraints because of the factory shutdown will hit first-half earnings, though it said full-year results, before currency fluctuations, will be in line with previous guidance.