European Stock Markets Close Higher

European stock exchanges wrapped up Wednesday's trading session on a positive note, as investors weighed the implications of higher-than-expected consumer inflation data from across the Atlantic. This development had previously unsettled the markets on Wall Street.

Heineken Leads the Charge

The upbeat mood was significantly fueled by Heineken's earnings report, which surpassed expectations and led to an impressive 11% surge in its stock value. This boost was a key driver of the positive sentiment across European markets.

Market Highlights

Frankfurt's DAX index saw a 0.48% increase, with Siemens Energy AG jumping 4.96%. Meanwhile, London's FTSE 100 climbed 0.35%, propelled by Prudential Plc's 5.77% advance. The CAC 40 and Euro Stoxx 50 also enjoyed modest gains, with Kering SA surging 7.01%.

Currency Movements

On the currency front, the euro remained steady against the dollar, trading at 1.03625. In contrast, the pound sterling experienced a slight decline, losing 0.25% against the dollar to settle at 1.24138.