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European stocks turn higher after U.S. CPI data

By Steve Goldstein

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 , Roche Holding 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%.

Of the major regional indexes, the German DAX gained 0.3%, the French CAC 40 declined 0.2% and the U.K. FTSE 100 declined 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 GBP750 million for the year. Athleisure companies on both sides of the Atlantic have benefited from stay-at-home trends.

-Steve Goldstein

 

(END) Dow Jones Newswires

09-14-21 0944ET

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