(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window)
*
UK pay growth slows more than expected
*
Carl Zeiss Meditec jumps on positive forecast
(Updated at 0920 GMT)
By Khushi Singh and Ankika Biswas
Dec 12 (Reuters) – European shares rose on Tuesday following benign UK wage data and ahead of a key U.S. inflation report later in the day, in a week packed with major central bank interest rate decisions.
The pan-European STOXX 600 was up 0.2% as of 0920 GMT, holding its highest level since February 2022.
All eyes will now be on the U.S. Consumer Price Index (CPI) report at 1330 GMT, with the Federal Reserve’s two-day policy meeting also kicking off during the day.
British wage growth slowed by the most in almost two years, but pay is probably still rising too fast for the Bank of England to relax its tough stance against cutting interest rates.
UK’s benchmark index, however, gained 0.8% to hit a near two-month high, outperforming its regional peers.
Policy decisions from the European Central Bank and Bank of England on Thursday are also on the…