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European shares rebound from 4-day rout as carmakers rally

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(iStock)
(iStock)

Frankfurt - European stocks rose as automakers gained and investors assessed valuations after the region’s equity benchmark posted a four-day losing streak.

Auto-related companies recorded the best performance of the 19 industry groups on the Stoxx Europe 600 Index. Rio Tinto Group and BHP Billiton dragged a gauge of miners to its lowest level since October 2003 as commodity prices slipped.

A measure of energy stocks slid as oil extended declines from the lowest close in more than 12 years.

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