STOXX 600 up 0.2
Kering jumps as investors cheer management changes
Real estate firms boost index
UK39;s FTSE 100 shines as domestic inflaion slows

July 19 Reuters European shares rose on Wednesday on a boost from shares of Kering after top management changes at the luxury group, while London stocks firmed following data which showed a fasterthanexpected slowdown in British inflation.

The panEuropean STOXX 600 index was up 0.2 by 0817 GMT, extending gains to the second straight session.

Kering jumped 5.9 after the French luxury goods group on Tuesday named managing director JeanFrancois Palus as Gucci39;s new CEO and president for a transitional period, with incumbent Marco Bizzarri to leave on Sept. 23.

Boosting sentiment further, data showed British inflation fell by more than expected in June and was its slowest in more than a year.

London39;s exportoriented FTSE 100 index advanced 1.1 as the pound slipped following the inflation data, which also sparked a rally in ratesensitive property stocks in the UK.

The moves also pushed Europe39;s real estate index up 3.1, making it the top sectoral gainer.

However, Europe39;s mining sector dropped 1.5, pressured by a 2 drop in shares of Antofagasta after the Chilean miner lowered its fullyear copper output forecast.

Overall, second quarter earnings for STOXX 600 companies are expected to fall 9.2 from the previous year, according to Refinitiv IBES data.

In Europe, positive earnings have been a tailwind to the…