European stocks climbed for a fifth session on Tuesday, as upbeat German economic data and a major strategic move by French telecoms and cable group Altice NV cheered investors. Equities in the region stayed around their highest levels since 2015.
The Stoxx Europe 600 index SXXP, +0.43% gained 0.3% to 399.63. All sectors rose, led by gains for the basic materials, tech and telecom sectors. On Monday, the index rose 0.3% and closed at its highest since July 2015, according to FactSet data.
The pan-European benchmark was on track to pierce the 400 level for the first time since mid-2015, according to FactSet data.
In Frankfurt on Tuesday, the DAX 30 index DAX, +0.13% added 0.2% to reach 13,394.60, wavering around a two-month high. France’s CAC 40 PX1, +0.67% was up 0.5% at 5,515.99.
Spain’s IBEX 35 IBEX, +0.27% turned higher, rising 0.5% to 10,445.80, and the U.K.’s FTSE 100 index UKX, +0.45% picked up 0.3% at 7,720.96, on course for a fresh record close.
The euro EURUSD, -0.4011% traded at $1.1941, lower than $1.1968 late Monday in New York.
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