7/12, 3:18 PM (Source: TeleTrader)
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European stocks extend gains on US inflation report

Major indexes in Europe extended gains on Wednesday after a report by the United States Bureau of Labor Statistics showed the country's annual inflation rate declined to 3% in June.

The Euro Stoxx rallied 1.44% at 3:15 pm CET. Vonovia, up 5.30%, led the gains.

The DAX jumped 1.26% at 3:15 pm CET with Zalando soaring 11.94%.

The CAC 40 climbed 1.17% at 3:16 pm CET. The best performer was STMicroelectronics, whose stock advanced 4.72%.

The FTSE 100 surged 1.60% at 3:16 pm CET as Persimmon rallied 4.51%.

The euro gained 0.62% against the dollar to sell for 1.10782 at 3:17 pm CET and the pound added 0.35% compared to the US currency to go for 1.29775 a minute later.

Baha Breaking News (BBN) / NP