04.02.202608:16:27UTC+00European Stocks Mixed Ahead of Key Data, Earnings in Focus

European stocks presented varied performance on Wednesday. The STOXX 50 Index rose by 0.5%, while the broader STOXX 600 recorded a decline of 0.2%. Investors are awaiting significant economic data releases such as the Eurozone's flash Consumer Price Index (CPI) and the US ADP employment report. Market expectations suggest that inflation in the Eurozone decelerated to 1.7% in the previous month, which remains comfortably above the European Central Bank’s (ECB) target. However, a greater-than-expected decline could raise concerns among policymakers, who are already watchful of the euro's swift appreciation. Anticipations are strong that both the ECB and the Bank of England will maintain their current interest rates in their meetings on Thursday. On the corporate side, Credit Agricole's shares dropped by over 2% following their announcement of fourth-quarter profits that fell short of analysts' predictions.