European Markets Close Higher

European markets are now closed. Stock markets across Europe performed as follows: The UK FTSE rose 0.3%. The German DAX added 0.8%. The French CAC gained 0.8%. The Spanish IBEX tacked on 1.2%. The Portuguese PSI jumped 0.8%. Positive economic data out of the U.S. and M&A activity in the auto sector helped propel stocks higher despite euro zone debt worries.