\n<\/p>\n
European markets<\/span> closed on a firm note on Wednesday, led by gains in mining and banking sectors.<\/p>\n The mood, however, remained somewhat cautious with investors awaiting key inflation data from the U.S. Concerns about China’s deflation, and economic slowdown continued to weigh.<\/p>\n The pan European Stoxx 600 climbed 0.43%. The U.K.’s FTSE 100 surged 0.8%, Germany’s DAX gained 0.49% and France’s CAC 40 gained 0.72%, while Switzerland’s SMI ended 0.22% up.<\/p>\n Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Iceland, Netherlands, Norway, Portugal, Russia, Spain, Sweden and Turkiye closed with sharp to moderate gains. <\/p>\n Czech Republic, Ireland and Poland ended weak.<\/p>\n In the UK market, BP, IHG, Shell, Glencore, Haleon, Unite Group, Antofagasta and Standard Chartered gained 1.5 to 3%.<\/p>\n BT Group, Weir Group, AstraZeneca, GSK, Rentokil Initial, Admiral Group, Barclays, Phoenix Group Holdings, British American Tobacco, Reckitt Benckiser, DCC and Segro also posted strong gains.<\/p>\n Hiscox dropped more than 6%. Flutter Entertainment ended down 3.4% despite the online betting firm reporting a return to profitability for the first half of the year.<\/p>\n Severn Trent ended lower by about 3.4%. RS Group, United Utilities, JD Sports Fashion, IAG and Scottish Mortgage declined 1 to 2.3%.<\/p>\n In the German market, Vonovia rallied nearly 4%. Sartorius, Brenntag, Deutsche Telekom, Deutsche Bank, Infineon, RWE, Hannover Rueck and Fresenius advanced 1.3 to 2.1%.<\/p>\n Delivery Hero gained 4.7% after the online takeaway food company upgraded its revenue guidance.<\/p>\n Zalando ended 4.3% down. Siemens Energy lost about 2.7%, while E.ON, Continental, Mercedes-Benz and Porsche ended lower by 1 to 1.6%.<\/p>\n In Paris, TotalEnergies climbed 2.5%. BNP Paribas, Societe Generale, AXA, Sanofi, ArcelorMittal, Schneider Electric, Airbus, Engie, Air Liquide and Danone gained 0.7 to 1.4%.<\/p>\n Shares of Italian lenders Intesa Sanpaolo and UniCredit moved higher after the country’s finance ministry clarified that the new windfall tax on banks would not amount to more than 0.1% of their assets. <\/p>\n<\/p>\n<\/div>\n