European Equity Benchmarks Close Higher

The broad-based major European indices closed higher in Tuesday’s trading session, as rising mining stocks and automotive firms helped bolster the markets.

In economic news, U.K. Labor leader Jeremy Corbyn suggested the government should look into placing a limit on the maximum amount citizens can earn.

“We cannot set ourselves as being a sort of grossly unequal bargain basement economy on the shores of Europe,” Corbyn said in an interview with BBC Radio. “If we want to live in a more egalitarian society and fund our public services, we cannot go on creating worse levels of inequality.”

Also in the U.K., the jobs market continues to beat expectations, according to a new report from Markit/IHS.

“More people are finding jobs each month, and demand for staff is growing,” said Kevin Green, chief executive of the Recruitment & Employment Confederation (REC). “We’ve seen two months of growth in London, which is particularly encouraging following a difficult period between the E.U. referendum and October.”

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