European Shares Rise As UK Inflation Drops More Than Expected
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European stocks rose on Wednesday, led by banks and commodity stocks, ahead of central bank decisions. U.K. inflation slowed more than expected in November, with the CPI rising 3.2% year-on-year. The pan-European Stoxx 600 was up 0.3%, the German DAX gained 0.4%, France's CAC 40 edged up, and the U.K.'s FTSE 100 rose 1.2%. The British pound weakened against the dollar. Proximus shares fell 2%, Bunzl tumbled 3.7%, and Serco Group jumped 5.4%.
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