European Stocks Mostly Higher as Investors Bet on ECB Stimulus

LONDON ( The Deal) -- European stocks were mainly in positive territory Tuesday, as investors welcomed a decline in inflation and steady unemployment in the eurozone two days before the next monetary policy meeting in Frankfurt. 

In Frankfurt, the DAX was up 0.34% at 3,494.98, while in Paris the CAC 40 was 0.82% higher at 4,393.98. In London, the FTSE 100 was down 0.05% at 6,643.00. 

European bourses cheered a 0.3% rise in euro-area September consumer prices, down from 0.4% in August and in line with expectations, according to the EU's statistics office Eurostat. 

A separate Eurostat report showed that the euro-area unemployment rate held steady at 11.5%, unchanged from July 2014 but down from 12% in August 2013. The news comes two days before the next European Central Bank monetary policy pow-wow, always followed by ECB President Mario Draghi's press conference. 

In London, investors appeared to pay more attention to corporate news than an upward revision of the U.K.'s second-quarter economic growth. 

The U.K. Office for National Statistics said GDP rose 0.9% in the second quarter, up from the previous estimate of 0.8%, boosting the case for the Bank of England to start thinking about raising interest rates from their record low. 

Among top gainers, Royal Bank of Scotland (RBS)  rose 3.32% after saying it expects to "significantly" outperform its previous guidance of 1 billion pounds ($1.62 billion) in impairment charges this year, amid improving economic conditions and asset prices in its main markets.

 The lender, which is 80% owned by the UK government, also said that if market conditions remain favorable, its "bad bank" could incur limited future impairments and disposal losses and a faster timetable for being wound down, though the costs and speed of winding down remain subject to significant potential volatility. 

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