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European stocks start higher

On Wednesday, European stocks rose, as traders waited for the conclusion of a highly-anticipated OPEC gathering later in the day and positive German data lent some support.

During European morning trade, the EURO STOXX 50 managed to grow 0.48%, French CAC 40 tacked on 0.50%, while German DAX 30 added 0.36%.

Earlier on Wednesday, data demonstrated that in October German retail sales leapt by 2.4%, thus beating hopes for a 1.0% ascend.

However, year-on-year, German retail sales edged down 1% the previous month, compared to hopes for a 1% surge.

However, financial markets were still jittery because Italian citizens are about to vote  in a referendum on December 4 on whether to overhaul their national constitution, which might help Prime Minister Matteo Renzi to implement badly required economic reforms.

In London, FTSE 100 climbed up 0.15%. The major British benchmark was led by Sage Group, whose stocks leapt 2.07% after the company posted a full-year operating revenue of £300 million.

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