European stock markets rise; Pound weakness boosts UK FTSE 100

Sept 12 (Reuters) – European shares rose slightly on Tuesday, following the previous night’s gains on Wall Street, while Britain’s export-focused FTSE 100 was supported by a weakening pound following the mixed report. of the UK labor market.

The FTSE 100 (.FTSE) gained 0.3%, while Europe’s STOXX 600 (.STOXX) added 0.2%.

Sterling fell slightly after data showed working market weakened even as wage growth remained strong in July, painting an unclear picture ahead of the Bank of England’s rate decision next week.

In Germany, Wholesale prices In August it fell for the fifth consecutive month due to falling prices for petroleum products, according to data from the federal statistics office.

Germany DAX (.GDAXI) fell 0.2%, lagging regional peers, as weakness in information technology stocks weighed on the index.

Healthcare Actions (.SXDP) Led the gains of the pan-European STOXX 600 index, with Getinge AB (GETIb.ST) rising 3.7%.

Actions of Associated British foods (ABF.L) rose 1.6% after the Primark owner raised its full-year profit outlook for the second time in four months, supported by strong trading in its fast-fashion clothing and food operations.

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