Investors bid up automotive and energy sector stocks for a second day as European markets rose on Tuesday.
The Stoxx Europe 600
rose 0.2% to 468.54, as gainers included Daimler
and Reckitt Benckiser
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%.
JD Sports Fashion
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.