LONDON ( The Deal) -- European stocks rose on Tuesday after positive news from some major companies distracted investors from external risks.
In London, the FTSE 100 was up 0.46% at 6,707.42. U.K. data from Markit Economics and the Chartered Institute of Purchasing & Supply showed forecast-busting growth in the services sector in July.
In Frankfurt, the DAX rose 0.50% to 9,199.51. The CAC 40 in Paris increased 0.47% to 4,237.87.
In Paris, shares in Vivendi rose more than 3% after Telefonica offered to buy Vivendi's Brazilian telecom and broadband provider GVT for $8.9 billion, including shares in the enlarged company that would be created through merging the business with Telefonica's Vivo wireless services unit. It's also offered Vivendi the chance to buy its 8.3% stake in Telecom Italia. Vivendi said its businesses aren't for sale even though it tried unsuccessfully to sell GVT last year. But it promised its supervisory board would assess the offer.
Telefonica shares in Madrid fell more than 1%.
Also in Paris, shares in lender Credit Agricole rose over 6% as investors decided its second-quarter performance showed strength if excluding a 708 million euros ($948.1 million) write-down related to its stake in Portugal's Banco Espirito which almost obliterated net profit.The Deal's Laura Board has Tuesday's Global Markets Report from London:
In Frankfurt, Bayerische Motoren-Werke was up more than 1% after a second-quarter earnings report beat forecasts, and Deutsche Post also gained almost 2% on positive second-quarter earnings news and an increase in its full-year forecast.