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Sept. 14, 2021, 9:44 a.m. EDT

European stocks turn higher after U.S. CPI data

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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 /zigman2/quotes/210599654/delayed XX:SXXP -0.08% rose 0.2% to 468.54, as gainers included Daimler /zigman2/quotes/201850364/delayed XE:DAI -0.27% , Roche Holding /zigman2/quotes/206324342/delayed CH:ROG +1.59% and Reckitt Benckiser /zigman2/quotes/206856088/delayed UK:RKT +1.99% . 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 /zigman2/quotes/210597999/delayed DX:DAX -0.32% gained 0.3%, the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 -0.29% declined 0.2% and the U.K. FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.45% declined 0.1%.

JD Sports Fashion /zigman2/quotes/207007202/delayed UK:JD +0.05% 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.

/zigman2/quotes/210599654/delayed
XX : STOXX
469.71
-0.36 -0.08%
Volume: 0.00
Oct. 21, 2021 11:03p
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/zigman2/quotes/201850364/delayed
XE : Germany: Xetra
81.73
-0.22 -0.27%
Volume: 1.95M
Oct. 21, 2021 6:30p
P/E Ratio
6.51
Dividend Yield
1.65%
Market Cap
€87.67 billion
Rev. per Employee
€534,902
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/zigman2/quotes/206324342/delayed
CH : Switzerland: SWX
CHF 357.80
+5.60 +1.59%
Volume: 1.01M
Oct. 21, 2021 5:31p
P/E Ratio
22.02
Dividend Yield
2.54%
Market Cap
CHF306.41 billion
Rev. per Employee
CHF574,809
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/zigman2/quotes/206856088/delayed
UK : U.K.: London
5,534.00 p
+108.00 +1.99%
Volume: 1.50M
Oct. 21, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
3.16%
Market Cap
£38.76 billion
Rev. per Employee
£353,778
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
15,472.56
-50.36 -0.32%
Volume: 54,649
Oct. 21, 2021 6:30p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
6,686.17
-19.44 -0.29%
Volume: 63,926
Oct. 21, 2021 6:05p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,190.30
-32.80 -0.45%
Volume: 554,176
Oct. 21, 2021 4:52p
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/zigman2/quotes/207007202/delayed
UK : U.K.: London
1,039.50 p
+0.50 +0.05%
Volume: 520,372
Oct. 21, 2021 4:35p
P/E Ratio
25.12
Dividend Yield
0.14%
Market Cap
£10.72 billion
Rev. per Employee
£101,016
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