European stocks open higher; UK wage growth falls to two-year low

European stocks opened higher on Tuesday, with the Stoxx 600 index rising 0.4%, led by gains in financial services.

This follows a mixed close on Monday, as investors focus on upcoming U.S. and U.K. inflation data.

U.K. wage growth slowed to 5.4% year-on-year between April and June, the lowest in two years, while unemployment fell to 4.2%.

The British pound strengthened against the U.S. dollar and euro after the labor market data, CNBC has reported.

read more: https://www.cnbc.com/2024/08/13/european-markets-live-updates-stocks-news-data-and-earnings.html

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