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Europe Markets: European stocks turn higher after U.S. CPI data

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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,
+0.09%

rose 0.2% to 468.54, as gainers included Daimler
DAI,
+1.87%
,
Roche Holding
ROG,
+1.35%

and Reckitt Benckiser
RKT,
+1.20%
.
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,
+0.21%

gained 0.3%, the French CAC 40
PX1,
-0.23%

declined 0.2% and the U.K. FTSE 100
UKX,
-0.38%

declined 0.1%.

JD Sports Fashion
JD,
+8.44%

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.

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