European shares gain for third day as France inflation slows

European shares extended gains as a lower inflation reading from France boosted sentiment, while investors awaited euro zone business activity data and minutes from the U.S. Federal Reserve’s last meeting. | Reuters

The pan-European STOXX 600 rose 0.5 percent by 0808 GMT, while France’s CAC 40 added 0.8 percent.

Preliminary data showed inflation in France slipped in December from a record high in the previous month, adding to a slew of encouraging data this week from improving euro zone manufacturing numbers to a slowdown in Germany’s inflation.

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