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2018.01.2321:40:00UTC+00European Markets Mostly Higher as DAX Notches Record Peak

European stocks narrowly closed in the green on Tuesday, as investors reacted to the latest individual stock news and the end of a three-day government shutdown in the U.S.

The pan-European STOXX 600 provisionally ended 0.09 percent higher, with most sectors ending in the black. Looking to European bourses, Germany's DAX jumped compared to its fellow counterparts while France's CAC 40 came under slight pressure.

After a previous session spurred by M&A news, corporate updates maintained the buoyant mood.

Investors cheered plans by Europe's biggest retailer Carrefour to cut costs, open its loss-making Chinese business to new investors and spend more heavily on e-commerce in the face of competition from Amazon.

France's Carrefour announced its 2022 transformation plan. The company is looking to step up its investment in digital, while opening 2,000 convenience stores in the next five years and seeking a partnership with Tencent in China. Shares advanced nearly 3.5 percent.

Switching focus back to Europe, computer accessories firm Logitech climbed eight percent after it saw its sales increase to $812 million in the third quarter, soaring 22 percent compared to the period a year before. Shares were also lifted after it improved its full-year outlook.

Budget airline easyJet saw its total revenue increased 14.4 percent in the first quarter, notching £1.14 billion ($1.59 billion), helping lift its share price up more than five percent in trade.

Online grocery technology provider Ocado climbed 0.9 percent following a 27 percent surge on Monday when it announced a deal with Canada's second-largest food supermarket group Sobeys.



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