European shares gain, Aussie jumps, yen teeters near 160
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European stock markets were higher on Wednesday as the market braced for a French election and a key U.S. inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for possible intervention.

Risk sentiment in Europe was broadly positive after a rebound in Nvidia shares on Tuesday, following three straight days of selling, and as investors focus on the monetary policy outlook and the prospect of further rate cuts. "Fears of a big imminent market wobble are now receding," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.

Markets are still sensitive to risks before the first round of voting in the French legislative election on Sunday, but remained focused on monetary policy where further interest rate cuts from the European Central Bank this year seem likely.

France's CAC 40 was up 0.4%, Germany's DAX gained 0.9% and Britain's FTSE 100 rose 0.6%. 

 European stock markets were higher on Wednesday, with positive risk sentiment in Europe following a rebound in the market. The market was also bracing for a French election and a key U.S. inflation reading 

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