European stock indexes rise, German DAX declines

On Tuesday, European stock markets mostly rose on optimism around the coronavirus vaccine. The German DAX index declined after data publication on investor confidence in the German economy, Report says, citing the auction data.

As of 14.24 (Baku time), the British FTSE 100 index grew by 1.27% to 6,264. 05 points, the French CAC 40-by 1.04%, to 5,391. 83 points, the German DAX was down by 0.26%, to 13,060. 1 point.

On Tuesday, European indices, except for the German DAX, continued to grow after a sharp increase a day earlier. Investors continue to playback news about the coronavirus vaccine.

BioNTech said that the vaccine it developed with Pfizer showed more than 90 percent effectiveness in preventing COVID-19 infection during trials. The ongoing trial analysis provides a decisive initial glimpse of the real-world performance of one of the four coronavirus vaccines in the last stages of testing in the United States.

"A calmer, more questioning mood is dominating on Tuesday... as the market acknowledges that there are still many questions surrounding Pfizer's vaccine announcement," noted City Index analyst Fiona Cincotta.

Statistics for the country exerted pressure on the German index. According to the Center for research on the European economy (Zentrum für Europäische Wirtschaftsforschung, ZEW), the German economy index in November fell to 39 points in October, and the decline was worse than forecast.

Investors also paid attention to statistics from the UK. UK unemployment rose to 4.8% in July-September from 4.5% in June-August, which coincided with analysts ' forecasts.