European shares advance as bond yields ease; soft inflation powers UK stocks

European shares gained on Wednesday following broad-based increases. The STOXX 600 rose by 0.3%, snapping a three-day losing streak. British stocks outperformed after a decrease in local inflation data. The UK midcap index jumped 1.4% and the FTSE 100 rose 0.7%. Investors await the U.S. inflation reading for further insights.