STOXX 600 up 0.4

Aug 10 Reuters European stocks rose on Thursday as investors digested a slew of corporate earnings and awaited U.S. inflation print that will likely determine the Federal Reserve39;s monetary policy path.

The panEuropean STOXX 600 added 0.4 by 0707 GMT, having closed at a oneweek high in the previous session.

U.S. stock futures rose ahead of data expected to show a slight acceleration in July consumer prices. On a monthtomonth basis, CPI is seen increasing 0.2, the same as in June.

Europe39;s personal household goods sector, which houses the largest luxury brands, gained 1.1 after China lifted its pandemicera restrictions on group tours for more countries.

Lifting insurers, Germany39;s Allianz gained 2.1 and Zurich Insurance rose 1.6 after both the companies reported betterthanexpected results.

Limiting gains, Siemens slumped 3.5 after the German engineering group missed thirdquarter profit estimates.

Denmark39;s Novo Nordisk slipped nearly 1 after the drugmaker said it will continue to restrict U.S. supplies of starter doses of its hugely popular Wegovy weightloss drug.

Reporting by Shashwat Chauhan and Sruthi Shankar in Bengaluru; Editing by Sherry JacobPhillips

Source Reuters