STOXX 600 up 1
LEG Immobilien up on posting smaller Q2 loss
Italian consumer prices fall 0.9 monthonmonth

Aug 9 Reuters European shares advanced 1 on Friday, on track to log gains for a fourth consecutive session and clawing back nearly all of their losses for the week following a global stocks rout on fears of a U.S. recession.

The continentwide STOXX 600 index rose 1, regaining the key 500 mark. It is set for its longest winning streak since May 15.

The U.S. jobs report on Thursday helped calm investor nerves after July39;s downbeat labour market print that fuelled worries of a prolonged slowdown in the world39;s largest economy, leading to a financial market selloff.

The French CAC 40, Germany39;s DAX, Spain39;s IBEX 35 and Britain39;s FTSE 100 all gained between 0.6 and 1.2.

Investors are buying the dip.. however, with the lack of liquidity in markets, we could see more volatility in the coming months and it could mean that the stock markets could take a step back, said Teeuwe Mevissen, senior macro strategist at Rabobank.

On the data front, German inflation rose in July to 2.6, confirming preliminary data, while Italian EUharmonised consumer prices HICP fell 0.9 monthonmonth in July.

The Italian benchmark FTSE MIB gained 0.9

All of European subindexes were trading in the green, with the real estate sector leading the charge, boosted by a 4.8 gain in LEG Immobilien, one of Germany39;s largest listed landlords, after it posted a smaller secondquarter loss….