European shares rose to near all-time highs on Wednesday, as a jump in oil stocks and positive results for companies including chip company Infineon helped offset the impact of inflation concerns.<\/p>\n\n\n\n
The pan-European STOXX 600 index rose 0.1 percent and energy stocks rose 1.2 percent, after a boost to oil prices from data showing an unexpected drop in US crude stocks last week.<\/p>\n\n\n\n
Shares of Germany’s Infineon Inc jumped 1.8 percent after the company beat its quarterly sales estimates, while the global semiconductor crisis lifted prices.<\/p>\n\n\n\n
Shares of British supermarket chain Marks & Spencer rose 15.9 percent after it exceeded its forecast profit in the first half of the year and after it raised its full-year profit forecast.<\/p>\n\n\n\n
Inflation concerns persisted, as data showed that Chinese factory products prices hit their highest levels in 26 years last month, bolstering fears of inflation accompanied by economic stagnation.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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