European Equity Benchmarks Close Mixed

The broad-based major European indices closed mixed on Thursday, with rising oil stocks and commodities helping nudge London’s FTSE and Paris’ CAC indices into positive territory.

In economic news, the Dec flash estimate of the consumer confidence indicator increased in both the euro area (by 1.1 points to -5.1) and the EU (by 1.2 points to -4.6) compared to November, according to the European Commission.

Germany’s Federal Statistical Office (Destatis) reported that the index of real earnings in Germany rose 1.8% in Q3 compared to the same period the previous year. The consumer price index was up 0.5% in the same period. Meanwhile, the increase in nominal earnings was 2.3%.

Destatis also reported that the index of import prices increased 0.3% in November, compared with the year-ago month. It was the first increase of a yearly rate of change since November 2012. The index of import prices, excluding crude oil and mineral oil products, increased by 0.4% compared with the level of a year earlier.