European stocks turn upward

STOXX50 and STOXX600 both rose 0.2% on Thursday, expanding the increase of nearly 1% the day before. Traders are waiting for an important US Consumer Price Index (CPI) report in order to readjust interest rate cuts by the Fed.

Meanwhile, Germany's inflation rate in June fell to 2.2% as initially anticipated.

Construction stocks and technology stocks rose the most.

Vivendi (3%), Bayer (2%), LVMH (0.8%), etc. occupied the top positions.

Conversely, Repsol fell more than 3% to 13.56 euros, and since the estimated refining margin for the second quarter dropped drastically, it recorded the lowest price in February.