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 group Glencore (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.
Lender Barclays (BCS) 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 group Vivendi (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.