Europe stocks mixed after best day in 11 months with eyes on U.S. inflation; LVMH down 8%

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European stock markets opened Wednesday lower after clocking their best one-day performance in nearly a year.

This is CNBC's live blog covering European markets.was index was 0.19% higher at 8:50 a.m. London time, reversing earlier slight losses. Health-care stocks rose 0.8%, while household goods plunged 2.8%.

Wednesday will see the release of the U.S. producer price index report, where a 0.3% reading is expected by economists, according to Dow Jones. The consumer price index is out Thursday.reported a slowdown in revenue growth in the third quarter and first nine months of the year, and as its CFO said performance was likely to normalize.Multiple analysts cut target prices on the stock following the report after the market close Tuesday.

CNBC Pro: Worried about the volatile market? Analysts love these 10 global stocks with safe and high dividends "The fall in pipeline pressure was quite fast, which would indicate it's not a minor breach. But the cause of it remains unclear," a Baltic energy official with knowledge of the situation told

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