DAX Holds Steady After Solid Data

(RTTNews) - German shares rose on Thursday after minutes from the Federal Reserve's July meeting showed policymakers are waiting for more data before considering an interest rate increase.

Data on French unemployment, U.K. retail sales and Eurozone inflation also painted a positive picture of regional economies, helping underpin investor sentiment.

While U.K. retail sales rose strongly in July after the Brexit vote, French unemployment rate fell below 10 percent for the first time since 2012, separate reports showed.

Final data from Eurostat showed that Eurozone Inflation rose to 0.2 percent in July from 0.1 percent in June, as initially estimated. This marks the second straight month of increase in the headline inflation rate.

The European Central Bank is set to publish monetary policy accounts from its latest meeting later in the day.

The benchmark DAX was up 50 points or 0.48 percent at 10,588 in late opening deals after tumbling 1.3 percent the previous day.

Among to gainers, BASF, Continental, Daimler, E.ON, Infineon Technologies, Deutsche Lufthansa, RWE and ThyssenKrupp rose 1-2 percent.