Financial values ​​lift European stock markets, with GDP data in sight

Financial values ​​lift European stock markets, with GDP data in sight

European stocks rose for the sixth straight session on Wednesday, buoyed by financial stocks, with investors focused on economic growth and inflation data due this week.

The pan-European STOXX 600 index was up 0.2%, nearing 10-week highs. All regional markets posted gains.

Britain’s FTSE 100 rose 0.1%. Official figures showed that UK consumer price inflation climbed to 10.1% in July, its highest level since February 1982, from an annual rate of 9.4% in June.

Attention was focused on the preliminary estimates of the Eurozone’s GDP for the second quarter, due to be published at 0900 GMT, and on the IPCA inflation figures, due to be published on Thursday.

Among individual stocks, Uniper fell 8.8% after the German energy company reported a net loss of 12.3 billion euros ($12.5 billion) in the first half, mainly due to reduced Russian gas supplies. .

Switzerland’s largest life insurance company, Swiss Life, rose 1.8% after increasing its half-year net profit by 4%.

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