European shares edged higher on Wednesday, as lower oil prices supported risk sentiment. Investors also digested business activity data which showed unexpected growth in the euro-zone this month. By 0830 GMT, the benchmark pan-European STOXX 600 index was up 0.2% to 643,15 points. The majority of regional bourses were also higher. According to a S&P Global PMI report, business activity in the eurozone accelerated at its fastest rate in over three years this month, defying predictions of a slowdown. However, firms experienced a more significant increase in their operating costs. The data come?days following a rally in the oil price that re-ignited inflation fears and drove bond yields up to a multi-decade peak. The European Central Bank?
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