- Reuters
European shares rise as soft UK inflation print lifts sentiment
European shares edged higher on Wednesday as a softer-than-expected UK inflation print boosted hopes of imminent rate cuts by the Bank of England, while investors looked ahead to more economic data from euro zone later in the day. The pan-European STOXX 600 was up 0.1% by 0813 GMT, while UK's benchmark index gained 0.5% after British consumer price inflation grew at a slower pace than expected in January.
