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European shares rise after lower-than-expected inflation boosts case for smaller rate hikes

News Snapshot:

On Wall Street heavyweight growth firms Apple, Microsoft and Alphabet rose between 0.1% and 1%. Photograph: Getty Images European shares closed higher on Wednesday and registered its second straight month of gains on hopes of easing Covid curbs in China and after cooler euro zone inflation data bolstered case for smaller rate hikes by the European Central Bank. China-exposed luxury stocks were among the biggest boosts to European shares, followed by automotive sector and commodity stocks. DUBLIN The Iseq edged up 0.1 per cent, with the Dublin market buoyed by gains for financial stocks and Paddy Power owner Flutter Entertainment….

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