TSX Rises, Led By Energy Stocks -- Canadian Commentary

(RTTNews) - Canadian stocks rose Tuesday, led by gains in the energy and tech sectors. The TSX Composite Index was up 97.85 points to 16,550.

Canadian housing starts surged in June on growth in multiple unit urban homes.

The value of Canadian building permits rose 4.7 percent in May from April, reversing a lull from earlier this spring.

Consumer prices in China were up 1.9 percent on year in June, the National Bureau of Statistics said on Tuesday, in line with expectations and up from 1.8 percent in May. On a monthly basis, consumer prices eased 0.1 percent after sliding 0.2 percent in the previous month.

Eurozone house prices grew at a faster pace in the three months ended March, Eurostat reported Tuesday. House prices climbed 4.5 percent year-over-year in the first quarter, following a 4.3 percent rise in the previous quarter.

German investor confidence fell to its lowest level in nearly six years in July, as sentiment was hurt by political uncertainty, survey data from the Centre for European Economic Research showed Tuesday.

The ZEW Indicator of Economic Sentiment for Germany dropped 8.6 points to minus 24.7 points, which was the lowest reading since August 2012, the Mannheim-based think tank said.

The score was also well below the long-term average of 23.2 points. Economists had forecast a reading of minus 18.5.