The German market is rising in afternoon trading Tuesday, tracking firm cues from most Asian markets and elsewhere in Europe. Surprise actions by central banks in Japan and Australia also impacted market sentiment.
Crude for November delivery is rising $0.62 at $82.09 and gold is higher by $12 at $1328.8.
In economic news, purchasing managers' index data from several European countries were reported. German service sector growth moderated in September, final report from Markit Economics said. The services business activity index dropped to a revised 54.9 from 57.2 in August. The economists had expected the flash estimate reading of 54.6 to be left unrevised.
In the U.K., Markit Economics said the CIPS services purchasing managers' index rose surprisingly to a seasonally adjusted 52.8 from 51.3 in August. Economists had forecast the index to fall to 51.0.
In a separate report, Markit Economics said French services sector activity growth eased to a six-month low in September. The Markit France services purchasing managers' index fell to 58.2 in September from 60.4 recorded in August. The reading was weaker than the expected figure of 58.8.
Growth of business activity in the Eurozone private sector slowed to a seven-month low at the end of the third quarter, survey data from Markit Economics showed. The final composite output index dropped to 54.1 in September from 56.2 in August. Meanwhile, Eurozone retail sales fell 0.4% in August from July, Eurostat said. Economists had expected retail sales to grow 0.2%, following a 0.1% rise in July.
The DAX opened higher at 6,205 and has been in the green for most of the session. The index is currently gaining 0.43%.
Chipmaker Infineon Technologies is leading the gainers by adding 2.1%. Healthcare firm Bayer is rising 1.6%.
Deutsche Bank is gaining 0.8% and Commerzbank is rising 0.3%. Sports goods giant Adidas and detergent maker Henkel are adding about 0.8% each.
Carmakers BMW and Daimler are adding 1.7% and 0.8%, respectively. Volkswagen is losing 1.4% and truck maker MAN is slipping 0.15%.
Diversified utility EON is declining 2.05% and peer RWE is sliding 1.3%. Steel producer ThyssenKruppis declining 1.1%.
Elsewhere in Europe, the UK's FTSE 100 is rising 0.43% and the French CAC 40 is rising 1.19%.