European stocks rise ahead of US inflation data

European stocks rose on Tuesday as investors took comfort from weaker-than-expected UK wage growth data and amid anticipation for a key US inflation report to be published later on Tuesday.

The European STOXX 600 index increased 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 US Consumer Price Index report scheduled to be published at 1330 GMT, and on Tuesday, the Federal Reserve 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.