UK39;s annual inflation at 2.5 in Dec. vs 2.6 in Nov.
U.S. December CPI at 1330 GMT
STOXX up 0.3, set to snap threeday losing streak

Jan 15 Reuters European shares were broadly higher on Wednesday as bond yields took a breather ahead of crucial inflation data in the United States, with British bourses outperforming following a soft local inflation reading.

The panEuropean STOXX 600 was up 0.3 as of 0913 GMT, on track to snap a threeday losing streak.

UK39;s more domestically focussed midcap index jumped 1.4 after data showed British inflation unexpectedly slowed to an annual rate of 2.5 in December from 2.6 in November, with the core measures of inflation falling more sharply.

The bluechip FTSE 100 was last up 0.7.

Yields on longdated European government bonds eased a touch. The yield on the region39;s benchmark 10year bond stood at 2.603, on track to snap a 10day rising streak.

Ratesensitive real estate stocks were up 1.2, while utilities, often traded as a bond proxy, added 0.4.

In France, consumer prices rose 1.8 yearonyear in December, while Spain39;s EUharmonised 12month inflation rate rose to 2.8.

A separate reading showed the German economy contracted for the second consecutive year in 2024.

Later in the day, all eyes would be on the December U.S. consumer prices reading, a crucial metric for gauging the Federal Reserve39;s rate path as investors remain wary of inflationary risks.

With a little hint of more inflation in the CPI numbers today, it could…