European shares hit a record high on Tuesday as investors sifted through several corporate updates ahead of U.S. inflation data, while Orsted surged after a U.S. judge ruled it could continue work on a Rhode Island project.
The STOXX 600 gained 0.1% by 0807 GMT. Germany's DAX was marginally higher in choppy trading, and was poised for the 11th consecutive day of gains, its longest winning streak since 2014, should current levels hold.
The moves add fresh momentum as markets brace for a key inflation report expected to show that U.S. consumer prices picked up in December, after an artificially muted reading the prior month because of distortions related to the government shutdown.
Danish offshore wind developer Orsted's shares jumped 5.7% to a one-month high after a federal judge in the U.S. allowed it to resume work on a Rhode Island project, which President Donald Trump's administration had halted along with four other projects last month.
Meanwhile, UBS Group's stock was flat after the Financial Times reported that CEO Sergio Ermotti, who led the Swiss banking giant through its integration of former rival Credit Suisse, is planning to step down in April 2027.
(Reporting by Niket Nishant in Bengaluru; Editing by Nivedita Bhattacharjee)
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