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LONDON — European stocks closed higher on Friday as a global stock sell-off eased and investors reacted to U.S. inflation data.
Pan-European STOXX 600 The index closed up 0.9% in London time, with nearly all sectors and major exchanges in the region posting gains.
Building materials and home furnishings stocks led gains, rising 1.8% and 1.7%, respectively. Travel and leisure stocks also rose 1.6%.
in Germany Mercedes Benz said it was scaling back its annual profit margin forecast.
Bank of England National Westminster Bank The company reported its Pre-tax operating profit fell less than expected The company’s London-listed shares closed up 7% in the first half of this year.
European stocks have closed lower over the past two sessions as U.S. technology stocks fell sharply.
Overall, the Stoxx index’s losses narrowed from last week, when the regional index posted its worst performance since October.
USA Personal Consumption Expenditures Price Index Retail sales data for June were in line with expectations, rising 0.1% month-over-month and 2.5% year-over-year. The data will be released ahead of the Federal Reserve meeting next week.
US stocks On Friday, the Dow Jones Industrial Average rose 1.6%.
Asia Pacific Market Tokyo’s headline inflation rebounded sharply on Friday, easing slightly to 2.2% in July from 2.3% in May.
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