April 30, 2019 / 1:01 PM / 3 months ago

Euro-zone stocks, German bond yields rise after higher-than-expected German inflation

LONDON (Reuters) - Euro-zone stocks and German bond yields rose on Tuesday after April inflation data for the region’s largest economy rose much more than expected, breaching the European Central Bank’s target for the first time since November.

The euro-zone stock index and Frankfurt’s DAX briefly swung into positive territory after the data and were flat at 1212 GMT, while Germany’s 10-year bond yield extended its rise, hitting a new one-week high at 0.046 percent.

German consumer prices rose by 2.1 percent year-on-year after an increase of 1.4 percent in the previous month, exceeding the 1.7 percent expected in a Reuters poll and above the ECB target of close to but below 2 percent.

Reporting by Josephine Mason; Editing by Dhara Ranasinghe

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