European stocks rose slightly on Wednesday, with shares of Crédit Agricole climbing after the announcement of positive earnings, while investors are awaiting U.S. inflation data that is likely to determine the outlook for interest rate cuts in the world's largest economy.
The Stoxx 600 index was up 0.1 percent by 07:04 GMT.
Crédit Agricole's shares jumped 3.8 percent after the second-largest listed bank in France surpassed first-quarter earnings estimates, supported by trading revenues.
Meanwhile, Siemens Healthineers shares fell 5.3 percent, as the medical device manufacturer announced it would stop its cardiac surgery robot operations after a 30 percent drop in quarterly operating profits.
Orphan Biovitrum shares plunged 15.3 percent, making it the biggest loser on the Stoxx 600 index after the Swedish pharmaceutical company announced it would offer $1.7 billion to acquire U.S.-based CTI BioPharma.
U.S. Consumer Price Index data, set to be released at 12:30 GMT, follows a report published last week showing strong job growth, which diminished hopes that the Federal Reserve would cut interest rates in the near term.
