(Reuters) -European stocks locked in gains for a second straight session on Wednesday as strong earnings and a surge in economically sensitive sectors boosted sentiment after U.S. inflation growth slowed sharply in April.

Brake maker Brembo has a full order book and all of its plants are running at full capacity, apart from those in China due to a COVID-19 lockdown, its executive chairman said.

French video game group Ubisoft on Wednesday forecast significant top-line growth this financial year, driven by a diverse line-up of premium games.

LONDON (Reuters) -Euro zone government bond yields rose on Wednesday after data showing a bigger-than-expected rise in inflation last month in the United States.

The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed U.S. inflation slowed on a year-on-year basis last month, giving investors some hope that price surges are peaking.

SAN FRANCISCO (Reuters) -The chief executive of Lucid Group Inc on Wednesday expressed concern about chip supplies from China due to COVID-19 pandemic-related lockdowns, adding that the U.S. electric vehicle startup is taking measures to mitigate the impact.