Major European Markets Close Higher

Major European markets closed higher on Wednesday after a choppy session as investors digested earnings and U.S. inflation data. The Stoxx 600 rose 0.22%, while the UK’s FTSE 100 advanced 0.91%, Germany’s DAX rose 0.17% and France’s CAC 40 inched up 0.03%. U.S. CPI for October rose 0.9% month over month to 6.2% year over year, dampening risk appetite and fueling debate about rate prospects. In the UK, ITV jumped over 15% on upbeat ad-revenue guidance, and Marks & Spencer rose more than 17% after lifting its profit outlook; Carrefour climbed 3.5% in France, among other moves.