The Stoxx Europe 600 SXXP, +0.28% rose 0.3%, after ending lower for two sessions. U.S. stock futures ES00, +0.31% also advanced.
The latest reading showing core U.S. prices were flat in January helped quell talk about possible inflation coming from the Biden administration’s proposed $1.9 trillion coronavirus relief package for the world’s largest economy. “With the green light from the inflation data, Joe Biden could easily defend his $1.
Royal Mail RMG, +5.14% shares surged 6%, after lifting its operating profit target due to increased online-shopping deliveries. Crédit Agricole ACA, +3.62% shares rose 5%, as the French bank reported a surprise fourth-quarter profit, though it was 93% lower than a year ago. Unibail-Rodamco-Westfield URW, -13.78% shares tumbled 14%, after the shopping-mall operator said it was suspending dividends for three years as adjusted earnings per share dropped 41% last year.