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European stocks rally, led by auto and materials shares

August 7, 2018

German stocks were taking the lead in an upbeat European session Tuesday, as equities in the region took inspiration from gains across the globe and investors decided to momentarily set aside global trade anxieties.

What are markets doing?

The Stoxx Europe 600 index SXXP, +0.54% traded 0.5% to 390.72, after finishing down 0.1% on Monday.

The German DAX 30 index DAX, +0.76% was among the strongest regional gainers, up 0.7% to 12,690.85, with the FTSE MIB Italy index I945, +1.09% rallied by 1.1% to 21,819.62. France’s CAC 40 index PX1, +0.70% rose 0.7% at 5,516.30 and the FTSE 100 index UKX, +0.74% climbed 0.8% to 7,721.07.

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