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European stocks extend gains

FXStreet (Córdoba) - European stocks advanced Tuesday, building up on yesterday’s gains, while US futures also rose as global geopolitical concerns continued to ease.

The Stoxx Europe 600 rose 0.41% at 334.97, after scoring the highest close in August the previous day. As for country-specific indexes the UK FTSE 100 was up 0.52%. Germany’s DAX 30 gained 0.94% while the France’s CAC 40 advanced 0.45%. Spain’s Ibex 35 climbed 0.41% while on the other hand, Italy’s FTSE MIB fell 0.09%.

In terms of economic data, Eurozone current account surplus widened more than expected in June to €20.8 billion. The US will release July CPI and and housing starts later on the day, but market focus remains on Fed Chair Janet Yellen’s speech scheduled for Friday in Jackson Hole, Wyoming.

In the FX market, the USD trades a tad firmer across the board while the pound underperforms following softer-than-expected PPI figures.

As for commodities, gold rose 0.20% to $1,302 an ounce, while crude oil climbed 0.36% to $96.76 a barrel.

Spain 6-Month Letras Auction declined to 0.08% from previous 0.146%

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