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European stock markets rose on Tuesday local time, with the highest reaching the Paris stock exchange this year, following the publication of positive data the U.S. housing sector, although the German consumer sentiment data disappointing.

In London, the FTSE 100 index increased O, 65 percent ended in 5328.66 points while in Frankfurt the Dax 30 index rose 0.26 percent to finish at 5945.69 points.

In Paris the CAC 40 increased 0.68 percent to close at 3898.38, the highest position this year.

Other European exchanges have increased 0.26 percent in Brussels, 0.51 percent in Madrid, 1.21 percent on the Swiss Market Index and 1.07 percent in Milan.

Analysts say investors heartened by news of a sharp increase in U.S. home sales in November, which helps to support positive early Wall Street trading.

Corporate news also helped investors to absorb an expected fall in the GfK index measuring consumer confidence fell the German and revised third-quarter growth rate the U.S..

Index, the results of a survey of around 2,000 people, declared that "the consumer climate in Germany would be a bit cold at the beginning of the New Year," slipped to 3.3 points for September from a revised 3.6 points in December.

GfK to make projections for the coming months based on data obtained in Europe's biggest economy, and the results showed that a solid cushion provided by resilient consumption earlier this year, now deflating.

Wall Street stocks maintain upward trend Tuesday as the market falls to consider the revision of U.S. economic growth and the third quarter fresh data showing a recovery in the housing sector crisis.

Dow Jones Industrial Average rose 0.42 percent to 10,414.67 at midday, while the technology-heavy Nasdaq index rose 0.30 percent to 2246.16.

Stocks rise since the opening bell about an hour after the government revised the gross domestic product (GDP) third quarter to 2.2 percent from an estimated 2.8 percent last month.

A surprise third and final revision comes primarily from the more weak contribution from business investment and consumer spending growth slightly slower.

The report still insists that rocked the world's largest economy back into growth in the period from July to September after a four-quarter contraction in the worst recession for decades.

Market sentiment was also lifted by the industry shows setelahangka existing home sales rose 7.4 percent in November to its highest level since February 2007, as buyers rushed to take advantage of the tax credit.

National Association of Realtors said sales rose to an annual rate adjustments periodically 6.54 million units in November from 6.09 million in October.

This is 44.1 percent higher than November 2008 levels of depression, showed a recovery in the sector at the center of the global financial crisis, where the housing boom followed by crisis caused the whole world down.

"Meanwhile serbuab to take advantage of the learning first house, very helpful credit, improve the housing market enthusiasm," said Joel Naroff, president of Naroff Economic Advisors.

In London the day the oil sector experienced the largest increase, with Cairn Energy rose 4.79 percent a day after announcing that it will launch an underwater exploration project in Greenland ahead of schedule.

Shell rose 2.29 percent on reports that China may be interested in buying certain assets of Shell in Nigeria.

Major oil company in Paris, Total rose 1.73 percent.

Infineon chip makers led the rise in Frankfurt, up 3.63 percent.

Company raises quarterly sales targets in the face of stronger demand from clients in the automotive and energy sectors.

On Tuesday, the Tokyo stock market reached its highest level in nearly three months as investors cheered gains on Wall Street and a weaker yen, which is good for exporters.

Tokyo Stock Exchange benchmark Nikkei-225 index climbed 1.91 percent to 10,378.03 points on the berakhiri, the best closing position since 24 September.

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