European stocks rose on Tuesday, as investors took comfort from weaker-than-expected UK wage growth data and amid anticipation of a key US inflation report due later today.
The European STOXX 600 index increased by 0.1 percent by 0814 GMT and is on track to record gains for the third day in a row.
Wage growth in Britain slowed more than expected during the three months to the end of October, which supported a 0.4 percent rise in the main index in Britain.
This comes amid a state of anticipation for the consumer price index report in the United States scheduled to be published at 1330 GMT, and today the Federal Reserve (the US central bank) will begin a two-day policy meeting.
The sub-index for the communications sector topped the declines, affected by a 2.1 percent drop in Nokia’s stock, after the Finnish communications equipment manufacturer downwardly revised its corresponding operating margin target for the year 2026.
2023-12-12 10:30:05
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