Stocks rise as soft UK inflation boosts sentiment – TradingView News

European shares rose on Wednesday after the Bank of England raised expectations of imminent interest rate cuts following weaker-than-expected UK inflation.

Global markets are still reeling from higher-than-expected inflation in the U.S., which dampened interest rate cut expectations and led to a sell-off on Wall Street earlier in the day.

7:44 (Brasilia time), the pan-European STOXX 600 index SXXB The UK benchmark index edged up 0.38% to 484.65 points. UK100 After British consumer prices rose at a slower-than-expected pace in January.

Meanwhile, European Central Bank Vice President Luis de Guintos said the region's inflation appears to be at 2%, but more data is needed before the ECB can feel comfortable that rates will rise.

APN Amro XS1301382500 The Dutch bank was one of the day's best performers, rising nearly 5.7% after reporting slightly better-than-expected fourth-quarter data.

Delivery Hero DHE0 It gained 5.4% as its organic cash flow generation will be sufficient to pay off convertible bonds and debt maturities in the coming years.

. In London, Financial Times Index UK100 It rose 0.84% ​​to 7,575 points.

. In FRANKFURT, the DAX index DB1 It rose 0.15% to 16,905 points.

. In PARIS, CAC-40 index PX1 It rose 0.39% to 7,655 points.

. In MILAN, Ftse/Mib code FTSEMIB It rose 0.49% to 31,285 points.

. In MADRID, the Ibex-35 index IBC It registered an increase of 0.58% to 9,983 points.

. In LISBON, the PSI20 index BPSI20 It was down 0.01% at 6,133 points.

(Reporting by Subham Patra in Bengaluru)

((Translation Redação São Paulo, 55 11 5047 2984))