World stocks up on US data, Merkel
European stocks rose in early trading. Britain’s FTSE 100 gained 0.2 percent to 5,846 while Germany’s DAX was 0.2 percent higher at 7,012.51 and France’s CAC-40 added 0.1 percent to 3,484.80.
The US government reported Thursday that building permits jumped to their highest level since August 2008, a hint of stronger construction in the coming months.
Meanwhile, networking equipment giant Cisco reported earnings that beat expectations.—Agencies