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Thyssenkrupp cuts forecasts as market remains 39;gloomy39;
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May 15 Reuters Europe39;s benchmark index climbed to a record high on Wednesday, as investors cheered a handful of robust earnings from the likes of UK39;s Experian and Germany39;s Commerzbank, while they also buckled up for the highly anticipated U.S. inflation data.

The panEuropean STOXX 600 was up 0.3, as of 0820 GMT, after closing at a record high on Tuesday.

Upbeat corporate earnings have offered a fresh boost to European shares, helping them regain their lost ground this month and catch up with their U.S. peers. The STOXX 600 is up over 9 yeartodate, almost in line with the near 10 jump seen in the benchmark U.S. SP 500 index.

Focus is now on the U.S. consumer prices inflation data, a day after Federal Reserve Chair Jerome Powell noted his confidence in easing inflation after a hotterthanexpected producer prices reading in April.

The CPI data39;s not going to be the primary thing that matters for the ECB, but it will be viewing it in the global context to understand how their cuts, that they likely have to put in place, will be on a relative basis versus the Fed, said Patrick Armstrong, chief investment officer at Plurimi Wealth.

European Central Bank policymakers have…