Markets

European Stocks Extend Gains Ahead of Key US Inflation Data

European equity benchmarks were extending gains on Tuesday morning as traders looked ahead to the release of Britain's spring economic statement and key inflation data due to be released in the US later in the day

In equities, GKN (GKN.L), an automotive and aerospace components company, was leading the gainers on London's FTSE 100 Index, up by 2.3%, followed by miners Antofagasta (ANTO.L), Glencore (GLEN.L) and Randgold Resources ( GOLD ), 2.0%, 1.6% and 1.5% higher, respectively.

On Frankfurt's DAX, gas and electricity supplier EON (EOAN.DE) was 5.8% higher, followed by steel production company thyssenkrupp (TKA.DE), up by 1.5% and RWE (RWE.DE), an electricity distribution company, 1.2% higher. Athletic apparel retailer Adidas (ADS.DE) was 0.9% higher.

And, on Paris' CAC-40, oilfield companies Total (TOT.PA) and TechnipFMC (FTI.PA) were both 1.3% higher. Airbus (AIR.DE), a manufacturer of aircraft parts, was up by 1.2%.

The pan-European Stoxx 600 Index was 0.18% higher, London's FTSE 100 Index was up by 0.08%, Frankfurt's DAX was 0.26% higher and Paris' CAC-40 was up by 0.58% at the time of writing.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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