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Mexico’s consumer price index rose 0.41% in the first half of October, lifting annual inflation to 3.62% from 3.49% in the second half of September. Higher energy costs contributed as seasonal electricity subsidies ended.
Jefferies kept Porsche at hold with a 49 euro target after investor-event remarks on margins and cash returns. UBS raised Volvo to buy and Bernstein upgraded Continental to outperform, while shares in the sector were mixed.