7:00 PM Frankfurt, Paris; 1:00 PM New York – European markets closed higher after trading lower for the last four trading sessions. Manufacturing indexes expanded in the US and UK. French auto sales increased 20.1% in October. Hugo Boss dropped 9% after it reported third quarter net down 25%. Linde AG third quarter net dropped 4.5%.

European market closed higher after UK and US manufacturing indexes advanced and higher commodities and energy prices lifted resource stocks in the region. Auto sales in France gained 20% in October from a year ago.

In London FTSE 100 Index closed higher 55.08 or 1.09% to 5,099.63, in Paris CAC 40 Index increased 33.01 or 0.91% to close at 3,640.70, in Frankfurt DAX index higher 15.38 or 0.28% to close at 5,430.34. In Zurich trading SMI increased 12.13 or 0.19% to close at 6,297.89.

French auto sales in October increased to 210,140, an increase of 20.1% from a year ago month and for the year increased 4.2% to 1.82 million. The government tax incentive to sell more fuel-efficient cars supported the sales in France.

PSA Peugeot Citroen sales increased 22% to 66,938 and Renault sales surged 35% from a year ago to 56,019 according to the French carmaker’s association CCFA.

Gainers & Losers

Altran Technologies SA added 2.1% to €3.36 after the engineering and technology consulting company said third quarter sales fell 17.1% to €327 million.

BMW AG advanced 0.5% to €33.40 after the maker of luxury cars said the SGL Group have agreed on the establishment of a joint venture for the production of carbon fibers and textile semi-finished products for use in vehicle construction.

CTS Eventim AG the ticketing company rose 0.03% to €34.14.

Deutsche Boerse AG dropped 0.09% to €55.07

Deutsche Lufthansa AG fell 0.4% to €10.45 after the airline said first nine month operating profit €226 million and net loss of €32 million.

Deutsche Post AG declined 0.6% to €11.43 after the mail carrier said it struck a deal with labor union Ver.di on wages and outsourcing policies affecting its 130,000 mail-division employees and thus avoided strikes.

Edison SpA decreased 1.5% to €1.03 an energy company said third quarter revenues fell 16% to €1.91 billion from €2.28 billion a year ago. Net profit in the quarter fell 31% to €81 million compared to net profit of €117 million a year ago.

ElringKlinger AG rose 2.2% to €13.90 after the automotive supplier said first nine month sales declined 20% to €419.2 million.

HeidelbergCement AG rose 0.1% to €40.79 after the cement maker was upgraded “outperform” at Credit Suisse Group AG.

Hugo Boss AG dropped 9.3% to 22.94 after the designer apparel maker reported third quarter net income declined 25% to €51.5 million.

JCDecaux SA added 3.8% to €14.31 after the outdoor advertising company was upgraded to “buy” from “hold” at Citigroup Inc.

Kloeckner & Co SE the steel trader increased 0.3% to €14.98.

Linde AG rose 0.9% to €72.10 an industrial gases and engineering company said third quarter sales fell 9.5% to €2.84 billion from €3.14 billion a year ago. Net profit in the quarter fell 4.5% to €169 million or €1.00 per diluted share compared to net profit of €177 million or €1.04 per share a year ago.

Luxottica Group S.p.A slipped 0.1% to €16.50 an eyewear maker said third quarter revenues fell 0.9% to €1.22 billion from €1.21 billion a year ago. Net profit in the quarter fell 20.6% to €83.1 million or €0.18 per diluted share compared to net profit of €104.6 million or €0.23 per share a year ago.

Metro AG the retailer added 0.05% to €37.79.

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