European stocks gain thanks to slowing inflation

European stocks rose on Wednesday as investors rejoiced over the slowdown in inflation in major economies, which increased bets on central banks ending the cycle of tightening monetary policy.

According to Reuters, a day after a moderate US inflation report supported views that the Federal Reserve may have finished raising interest rates, new data showed that British inflation also slowed more than expected in October. .

By 0810 GMT, the European STOXX 600 index rose 0.5%, while the British Financial Times 100 index rose 1%. The two indices recorded their highest levels in about a month

Mining company stocks led sector gains, advancing 1 percent, thanks to the rise in metal prices

Experian shares jumped 4.2 percent after the world’s largest credit data company announced higher semi-annual profits, while Swiss eye care products company Alcon shares fell 7.2 percent after it announced lower-than-expected third-quarter sales and lowered its expectations for the full year.