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Market Update

European Markets Trade Higher

European stocks were trading higher early Tuesday as investors awaited data from Germany due later in the day.

At the time of writing, London's FTSE 100 rose 0.5%, France's CAC 40 Paris was u 0.2% and Germany's DAX Frankfurt rallied 0.8%.

Investors were eyeing the release of the ZEW survey of German business confidence. Data on U.S. retail sales data was also on tap today.

Stocks on the Move.

Mining stocks in London led the resource-heavy benchmark FTSE 100 index higher. BHP Billiton Plc. rose over 1%, Rio Tinto Plc. rallied 2.5% while Glencore Xstrata Plc. added 2.6%.

Oil firms BP Plc. and Royal Dutch Shell were up around 0.6% each.

Among financials, Lloyds Banking Group plc. edged up 0.2% while global banking giant HSBC Holdings plc. added 0.7%.

But French lenders Societe Generale SA and BNP Paribas were trading down 1.6% and 0.3% respectively.

Among German banks, Deutsche Bank AG moved up 0.5% while Commerzbank AG enhanced 0.3%.