European shares tick up on Fed cut bets
- European shares opened higher on Thursday as benign inflation data cemented bets of a U.S. rate cut in September, while gains in insurer Admiral also added to the upbeat mood.had risen 0.2% by 0710 GMT to trade near a two-week high and was on track for a third straight session of gains.
Mild U.S. inflation readings this week have cemented hopes that the Federal reserve will lower borrowing costs in September for the first time in 4-1/2 years.
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