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European Stocks Advance For The Second Day.

London, Tuesday, 03 January 2023

The regional STOXX 600 closed more than 1% higher over the 430 level on Tuesday, with gains in real estate and financials companies helping European markets improve for the second straight session.

Investors welcomed German CPI data showing a decrease in inflationary pressures in December following the implementation of the government's programme to reduce household natural gas prices. Germany is the largest economy in Europe.

Hellofresh, a German company, increased its share price by nearly 9% to top the STOXX 600 in that regard. The oil sector's gains helped the benchmark DAX 40 in the domestic market increase by almost 0.9% to 14,200 points.

(Report by: The Decision Maker - Finance editors)


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