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MARKETS LIVE BLOG:

STOCKS REBOUND AS INVESTORS CHEER INFLATION PRINT

Fed's preferred inflation gauge shows prices rose at slowest pace since March 2021

BMW reports lower sales in Q2

Reuters
2023 Munich Auto Show IAA Mobility

BERLIN (Reuters) - German premium carmaker BMW on Wednesday said its second-quarter sales fell by 1.3% year-on-year to 618,826 vehicles.

In its key market China, sales were 4.7% lower at 188,495 vehicles.

In BMW's home market Germany, sales dropped by 11.5% to 68,351 cars, while in the United States, they were up 1.7%, rising to 97,135 vehicles.

Sales of battery-electric vehicles (BEV) jumped by 22.2% to 107,933 autos in the April-June period.

(Reporting by Andrey Sychev; Editing by Miranda Murray)