European shares closed higher on Wednesday, with UK stocks in the lead after a faster-than-expected slowdown in British inflation helped to bolster hopes of peaking interest rates and pushed homebuilders higher.
The pan-European STOXX 600 index (.STOXX) ended up 0.3%, extending gains to the second straight session.
London’s export-oriented FTSE 100 index (.FTSE) advanced 1.8% as the pound slipped following the inflation reading, which also sparked a rally in the broader real estate index (.SX86P) up 4.3%.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.