Industrials lift European shares to record high ahead of US inflation data
![](https://m.economictimes.com/thumb/height-450,width-600,imgsize-214970,msid-110141294/industrials-lift-european-shares-to-record-high-ahead-of-us-inflation-data.jpg)
Synopsis
Europe's benchmark index climbed to a record high on Wednesday, as upbeat earnings boosted industrials and healthcare stocks, while investors buckled up for a highly anticipated U.S. inflation print.
Shares of credit data firm Experian jumped 7.8% after an upbeat annual organic revenue growth forecast and Poland's InPost advanced 5% following its higher first-quarter core earnings. Both companies were the top gainers in the industrial goods and services index.
Boosting the healthcare index, Merck KGaA rose 4.5% after better-than-expected adjusted earnings.
Finland's Neste slumped 13.3% to the bottom of the STOXX 600 after the biofuels producer and oil refiner lowered its 2024 margin outlook for renewable products.
German conglomerate Thyssenkrupp dropped nearly 7% after cutting its annual forecasts for sales and net profit for the second time in three months.
U.S. consumer prices inflation data is at the centre of investors' focus, a day after Federal Reserve Chair Jerome Powell noted his confidence in easing inflation after a hotter-than-expected producer prices reading in April.
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