- European stocks rose on Tuesday as German carmaker Volkswagen and online fashion retailer Zalando jumped following upbeat earnings forecasts, while investors awaited the U.S. Federal Reserve’s views on a recent pick-up in inflation.
Volkswagen AG jumped 4.9% after the world’s second-largest carmaker said it was confident that cost cuts will help improve profit margins in the coming years, boosting European automakers. “Though the issue is going to be that the Fed is completely comfortable with inflation hitting 2% or higher.”
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