Forexpros - Consumer price inflation in the euro zone eased in line with expectations in October, preliminary data showed on Wednesday.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.5% in October, easing from September’s 2.6% reading.
The rate remains above the European Central Bank's target of near but just below 2%.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD gaining 0.33% to trade at 1.3001.
Meanwhile, European stock markets held on to gains. The EURO STOXX 50 rose 0.8%, France’s CAC 40 advanced 0.6%, London’s FTSE 100 eased up 0.1%, while Germany's DAX gained 0.7%.
