STOXX 600 climbs as upbeat earnings buoy travel and leisure, financial stocks
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
UBS up after Q2 net profit beat
Flutter jumps on lifting full-year outlook
Playtech jumps as co to sell Italian arm to Flutter
RWE fails to dispel Calpine M&A speculation, shares slump
STOXX 600 up 0.5%
Updated at 1600 GMT
By Ankika Biswas and Pranav Kashyap
Aug 14 (Reuters) -Europe's main stocks index rose on Wednesday, boosted by travel and leisure and financial shares, with investors drawing comfort from fresh evidence of moderating inflation in the world's largest economy that supported an early rate-cut narrative.
The pan-European STOXX 600 .STOXX closed 0.5% higher, with all the major regional bourses also ending in positive territory.
Data showed U.S. consumer prices rebounded as expected in July, but the trend remained consistent with subsiding inflation, a day after moderating producer price numbers reinforced hopes that the Federal Reserve will cut rates soon.
"The CPI report is a green light for the Fed to cut interest rates at their next decision on September 18," said Bill Adams, chief economist for Comerica Bank.
Comerica forecasts the Fed to cut the federal funds target by a quarter of a percentage point at each of the next four decisions in September, November and December, and in January 2025.
Investors are hoping for the Fed to deliver a rate cut as early as September after fears of a U.S. recession choked global risk assets earlier this month.
The travel and leisure sub-index .SXTP logged its biggest one-day gain of 3%, lifted by a 10.5% surge in Flutter FLTRF.L after the world's largest online betting firm raised its full-year outlook.
News of the Irish betting giant entering talks to buy Playtech's PTEC.L Italian unit Snaitech sent shares of the UK gambling technology firm up 14%.
In the euro zone, data for the second quarter showed the euro zone's GDP rose by 0.3% quarter-on-quarter, while employment rose by 0.2% quarter-on-quarter.
Further, France's consumer prices rose 2.7% year-on-year in July, slightly up from the previous month's preliminary reading.
On the earnings front, Swiss bank UBS UBSG.S jumped 5.3% after posting a quarterly profit double the market forecast.
This, coupled with a near 7% rise in German insurer Talanx TLXGn.DE after results steered the financials index .SXFP to a near two-week high.
Straumann STMN.S climbed 13% after the dental implant maker announced the sale of its DrSmile aligner business and raised its full-year outlook.
Among others, Thyssenkrupp TKAG.DE slumped 6.3% after swinging to a quarterly net loss, while Carlsberg CARLb.CO dropped 4% after a gloomy outlook for the Chinese market.
Of the STOXX 600 companies that have reported second-quarter earnings, 54.8% exceeded estimates, LSEG data showed, versus the typical beat rate of 54%.
However, keeping gains in check were losses in shares of basic resources .SXPP.
Utilities .SX6P were also dragged by a near 6% drop in RWE RWEG.DE after the group's management failed to dispel concerns about a report that it could buy in to a U.S. operator of gas-fired power plants.
Reporting by Pranav Kashyap and Ankika Biswas in Bengaluru
Editing by Sherry Jacob-Phillips, Mrigank Dhaniwala and Matthew Lewis
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
