European stocks rose on Thursday as investors received a batch of corporate earnings reports while they awaited US inflation data that is likely to determine the course of the Federal Reserve’s monetary policy.<\/p>\n\n\n\n
The pan-European Stoxx 600 index rose 0.4 percent by 0707 GMT, after rising to a one-week high at the close in the previous session.<\/p>\n\n\n\n
US stock futures rose ahead of data expected to show a slight increase in the consumer price index for July. The consumer price index is expected to have increased by 0.2 percent on a monthly basis, similar to that of June.<\/p>\n\n\n\n
Shares of the personal and household goods sector in Europe, which includes the largest luxury brands, rose 1.1% after China lifted restrictions on group trips to more countries due to the Covid-19 pandemic.<\/p>\n\n\n\n
German insurance company Allianz rose 2.1 percent, and Zurich Insurance rose 1.6 percent after the two companies announced better-than-expected results.<\/p>\n\n\n\n
Capping gains, Siemens shares fell 3.5 percent after the German engineering group missed its third-quarter profit estimates.<\/p>\n\n\n\n
Shares in the Danish drug Novo Nordisk fell nearly 1 percent after it announced it would continue to limit its supply of doses of its drug (Wegovi) to treat obesity to the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"
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