Luxury Sector Lifts European Shares as Markets Await US CPI Test

Luxury Sector Lifts European Shares as Markets Await US CPI Test
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on March 13, 2023. Staff/Reuters
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LONDON—European stock markets rose on Thursday, helped by gains in luxury brands after China eased some pandemic-era restrictions, while the dollar slipped ahead of U.S. inflation data that could influence the Federal Reserve’s policy path.

Economists polled by Reuters expect July U.S. consumer price inflation to rise slightly to an annual 3.3 percent, while the core rate, which excludes the volatile food and energy segments, is forecast to rise 0.2 percent in July, for an annual gain of 4.8 percent.