(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
May 10 (Reuters) - European shares inched higher on
Wednesday as Credit Agricole gained after posting upbeat
earnings, while investors were on tenterhooks ahead of U.S.
inflation data that is likely to shape expectations for rate
cuts in the world's largest economy.
The pan-European STOXX 600 index was up 0.1%, as of
7:04 GMT.
U.S. consumer price index (CPI) data, due at 8:30 am ET
(12:30 GMT), comes after a strong payrolls report last week
dampened hopes of rate cuts from the Federal Reserve anytime
soon.
Shares of Credit Agricole SA gained 3.8% after
France's second-biggest listed bank beat first-quarter earnings
estimates on a boost from trading revenue.
Siemens Healthineers fell 5.3% as the medical
device maker said it was discontinuing its heart surgery robots
business after its quarterly operating profit fell 30%.
Swedish Orphan Biovitrum dropped 15.3% to the
bottom of the STOXX 600 after the drug maker said it had agreed
to make a $1.7 billion cash offer to buy U.S.-based CTI
BioPharma .
(Reporting by Amruta Khandekar; Editing by Sonia Cheema)
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