Autos led sectoral gains in Europe after analysts at JPMorgan said the overall tone for production outlook in the European autos sector was"upbeat", following their meetings with industry leaders.
The Stoxx 600 has remained stuck in a tight range since June, as a euro zone economic recovery appeared to be losing steam. "The Chinese export news helped and the absence of the US, helped erase some of the bearish sentiment that arose at the end of last week," said Connor Campbell, analyst at spreadbetter Spreadex.Data showed German industrial output rose far less than expected in July, suggesting Europe's largest economy faces a slow return to production levels that preceded the crisis unleashed by the coronavirus pandemic.
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