European shares rose on Wednesday in a sharp reversal from earlier in the session with data showing a slower-than-expected rise in U.S. inflation last month providing some relief to investors. The pan-European STOXX 600 index jumped 0.9%, closing its best session in nearly two weeks. U.S. consumer prices were unchanged in July due to a sharp drop in the cost of gasoline.
(Reuters) -European shares rose on Wednesday in a sharp reversal from earlier in the session with data showing a slower-than-expected rise in U.S. inflation last month providing some relief to investors. The pan-European STOXX 600 index jumped 0.9%, closing its best session in nearly two weeks. U.S. consumer prices were unchanged in July due to a sharp drop in the cost of gasoline.
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