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STOXX 600 up 0.1
Nov 13 Reuters European shares swung between gains and losses on Wednesday, as rising energy shares countered technology losses, while focus remained on a key U.S. inflation print that could alter market expectations on the Federal Reserve39;s interest rate path.
The panEuropean STOXX 600 index edged up 0.1, after falling as much as 0.2 earlier in the session. The index though hovered near a threemonth low hit on Tuesday.
Heavyweight technology stocks, down 0.4, were among the major subsector decliners, while autos also slipped 0.6.
Energy stocks, however, added 1.4, while basic resources rose 0.7.
A U.S. October inflation reading is due at 1330 GMT, which is expected to show headline inflation to rise to 2.6 yearonyear from 2.4 in September.
Traders currently see a 62.4 chance of the Fed cutting interest rates by 25basispoints in December, compared to a more than 84 chance seen a month ago, as per the CME FedWatch Tool.
Rate expectations have shifted recently as markets continue to price in U.S. Presidentelect Donald Trump39;s expected policies of lower taxes and trade tariffs, that are viewed as inflationary.
European shares have come under pressure recently as investors assessed the likelihood of tariff increases after Trump39;s sweeping victory last week.
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