European Stocks Rise on Positive Earnings and Economic Updates

Major European stocks opened higher on Wednesday, buoyed by a mix of encouraging earnings reports and anticipation around key economic data. Traders focused on the latest financial results from giants like TotalEnergies, Stellantis, and GSK, among others, signaling a robust start to the trading day.

Key Economic Indicators in Focus

Investors are also closely watching for updates on Italy's inflation and GDP, Germany's inflation and GDP, and the eurozone's GDP figures. Early releases included a rise in German retail sales and steady French inflation, adding layers to the day's economic narrative.

Market Performance Highlights

The DAX and Euro Stoxx 50 saw gains, with Deutsche Post leading the charge. London's FTSE 100 and the French CAC 40 also posted advances, highlighted by significant moves from Smith & Nephew and Societe Generale. Currency markets remained steady, with the euro and pound showing little change against the dollar.