On Wednesday, the STOXX 50 rose by 0.1% and the STOXX 600 increased by 0.4%, extending the gains from the previous session.
European shares edge up
Traders were focused on key inflation data to assess the outlook for monetary policy, particularly from the Federal Reserve. UK inflation unexpectedly fell to 2.5% in December, while the much-anticipated US CPI report was set for release later in the day. Meanwhile, the recent spike in bond yields temporarily halted, offering some relief to markets.
Gainers and losers
On the corporate side, top performers included Sanofi (+1.6%), Orange (+1.6%), Deutsche Post (+1%), Vivendi (+0.9%), and Eni (+1.1%). On the other hand, shares of LVMH (-1.6%) and Kering (-1.1%) lagged behind.
