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European markets rise on UK data and US inflation outlook

European markets were higher on Friday as investors parse through U.K. economic data and reflect on a somewhat murky U.S. inflation outlook.

The pan-European Stoxx 600 was up more than 1% at 10:40 a.m. in London, with all sectors and major bourses in positive territory.

Mining stocks led the gains, up 2.8%, while utilities rose 1.2%.

The market moves come after the benchmark Stoxx 600 index closed lower in the previous session.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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