European stocks closed higher on Wednesday, reacting positively to UK consumer price inflation data, and amid continued optimism about a sharp cut in U.S. interest rate in September.
The pan European Stoxx 600 climbed 0.49%. The U.K.'s FTSE 100 gained 0.56%, Germany's DAX ended 0.41% up, and France's CAC 40 jumped 0.79%, while Switzerland's SMI rallied 1.2%.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.