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European stocks rose slightly on Wednesday, with Credit Agricole stock rising after posting positive earnings, while investors awaited US inflation data that is likely to set expectations for a rate cut in the world’s largest economy.
The pan-European Stoxx 600 index was up 0.1% by 0704 GMT.
The US consumer price index data, due at 1230 GMT, follows a report published last week showing strong jobs, dampening hopes that the Federal Reserve will cut interest rates in the near term.
Credit Agricole jumped 3.8 percent after France’s second-largest listed bank beat first-quarter profit estimates, boosted by trading revenue.
Siemens Healthineers fell 5.3 percent as the medical device maker said it would discontinue its heart surgery robotics business after its quarterly operating profit fell 30 percent.
Orphan Biovitram plunged 15.3 percent to become the top loser on the Stoxx 600 index after the Swedish drugmaker said it had agreed to make a $1.7 billion bid for US-based CTI Biopharma.
