European stocks stage comeback ahead of UK CPI, ZEW?

The stocks on the European bourses shrugged-off a mixed close on the Asian indices and set-off the day on a higher note, attempting a tepid-recovery ahead of the UK CPI report, ZEW surveys and ECB Draghi’s speech.

However, the recovery from six-week troughs appears to lack follow-through as the sentiment remains cautious amid oil sell-off and upcoming key macro releases from the UK and Eurozone.

Meanwhile, Germany's DAX 30 index rises 0.46% to 10,480, while the UK's FTSE 100 index trades +0.14% at 6,712. Among the other indices, the French CAC 40 index gains 0.45% to 4,459, while the pan-European Euro Stoxx 50 index also advances 0.45% to regain 3k mark.