STOXX 600 hits onemonth high
Miners, automakers lead gains
Euro zone retail sales fall in Feb
UBS rises after JPM raises target price

April 11 Reuters European shares hit a onemonth high on Tuesday, lifted by mining stocks, in an upbeat start to a week filled with economic data, including a closelywatched U.S. inflation report.

The panEuropean STOXX 600 index ended 0.6 higher, extending gains for the second straight day. France39;s CAC 40 index closed up 0.9, after hitting a record high.

Shares in miners rose 3.6, logging their biggest oneday percentage gain in more than four months as a softer dollar helped drive gains in prices of base and precious metals.

Automakers rose too, with gains of 1.8, while among individual stocks, UBS rose 1.1 after JP Morgan raised its target price.

Glencore rose 3.3 after the mining group proposed introducing a cash component to its 22.5 billion bid for Teck Resources.

European shares started 2023 on an upbeat note but came under selling pressure in the last two months with recent banking turmoil keeping risk sentiment fragile, while mixed economic data clouded the interest rate outlook.

We39;re going to wait and see how the U.S. does in the coming days but all in all, we39;re back on track and Europe can definitely pick up pace again, said Julius de Kempenaer, senior technical analyst at Stockcharts.com.

After a strong U.S. jobs report last week raised bets of another 25 basis point rate hike from the Federal Reserve in May,…