Elsewhere in Europe, stocks also showed positive momentum. The Stoxx Europe 600 increased by 0.4% in morning trading, driven by significant gains in corporate results.

This stability comes despite anticipation around the U.S. consumer price index (CPI) data, which is expected to provide insights into potential Federal Reserve rate adjustments. Economists expect a slight decrease in consumer prices, suggesting a potential cooling of inflation. Yesterday, the US Producer Prices data came in mixed. In a speech, Fed chairman Jerome Powell said he still beleives that rates will come down this year, but that he's not as confident as before.

In corporate news, Experian shares surged by 8.3% following a positive annual revenue forecast. Despite a significant drop in annual operating profit, Burberry's stock price fell. The company anticipates continued challenges in the upcoming fiscal period.

Imperial Brands rose, supported its full-year guidance despite a drop in pretax profit and declining volumes, thanks to strong pricing and growth in next-generation products.

Vodafone announced the star of a EUR 2.0 billion share buyback program following regulatory approval for the sale of its Spanish business.

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