Stocks rise on US inflation data and China relaxation

Ryanair, meanwhile, added 1.4 per cent to close at €15.94 per share in line with a general lift in travel and tourism stocks across Europe after China’s travel restriction relaxation.

The news lifted luxury stables like Gucci owner Kering, Hermés and Luis Vuitton parent LVMH, which were all ahead by 2.6 per cent and 3.5 per cent. Banks stocks were mixed with Barclays, HSBC and NatWest off by between 0.6 per cent and 1.2 per cent as they traded ex-dividend while Standard Chartered and Lloyds gained ground.

The consumer price index gained 0.2 per cent last month, the US department of labour said, lifting the annualised rate to 3.2 per cent from 3 per cent in June. Economists polled by Reuters expected headline CPI to rise to 3.3 per cent.

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