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Investors bid up automotive and energy sector stocks for a second day as European markets rose on Tuesday.
The Stoxx Europe 600
SXXP,
rose 0.2% to 468.54, as gainers included Daimler
DAI,
Roche Holding
ROG,
and Reckitt Benckiser
RKT,
The modest gain came after U.S. consumer prices weren’t as hot as forecast in August.
U.S. consumer price growth slowed to 0.3% in August, the Labor Department reported on Tuesday. Core price growth slowed to 0.1%.
Of the major regional indexes, the German DAX
DAX,
gained 0.3%, the French CAC 40
PX1,
declined 0.2% and the U.K. FTSE 100
UKX,
declined 0.1%.
JD Sports Fashion
JD,
was a leading advancer, up 9% after reporting a record first-half adjusted pretax profit, and said it would earn at least £750 million for the year. Athleisure companies on both sides of the Atlantic have benefited from stay-at-home trends.
