European Markets Open Higher

Major stock markets across Europe kicked off Wednesday's trading session on a positive note, with inflation reports drawing significant attention. The United Kingdom's Office for National Statistics reported that the country's annual inflation rate was 2.5% in December. Meanwhile, the French statistical office INSEE announced that annual inflation in France stood at 1.3% for the same month. Additionally, Spain's National Statistical Office revealed that Spanish consumer prices increased by 2.8% year-over-year in December.

Market Performance

The DAX index saw an increase of 0.30% at the opening bell. The FTSE 100 improved by 0.47%, while the CAC 40 added 0.32%. The Euro Stoxx 50 also climbed by 0.17%.

Currency Movements

At 8:59 am CET, the euro remained stable against the dollar, trading at $1.03025. Concurrently, the pound gained 0.22% against the greenback, selling for $1.22123.

More updates to follow...