European Stocks Climb on Positive Earnings and Economic Data

Major European indices opened higher on Wednesday, buoyed by a wave of positive earnings reports from leading companies including TotalEnergies, Stellantis, and GSK. Traders also turned their attention to upcoming economic data releases, with Italy's inflation and GDP, Germany's inflation and GDP, and eurozone GDP figures all on the horizon.

Key Performers and Market Movements

The DAX and Euro Stoxx 50 saw gains of 0.34% and 0.21% respectively, with Deutsche Post leading the charge with a 3.56% increase. London's FTSE 100 wasn't far behind, advancing 0.17%, while the French CAC 40 jumped 0.41%, thanks in part to a significant 5.57% rise in Societe Generale shares.

Currency Markets Hold Steady

Meanwhile, the euro and the pound remained stable against the dollar, trading at 1.13907 and 1.34013 respectively as the markets digested the latest economic indicators.