Major European stock markets opened mainly in the green on Wednesday after the United Kingdom's Office for National Statistics reported that consumer prices increased 2.3% and producer prices dropped 0.8% in October, year-on-year. Germany's statistical office, Destatis, also revealed that producer prices in the country declined by 1.1% on an annual basis.

The DAX rose by 0.65% at the opening bell, with Airbus growing by 1.31%, while the CAC 40 climbed by 0.60%, as Edenred jumped by 2.48%. At the same time, the Euro Stoxx 50 advanced by 0.66%, with Nokia Corporation gaining 3.26%. On the other hand, the FTSE 100 was flat at the open.

The euro lost 0.15% against the dollar, selling for $1.05782 at 8:58 am CET, while the pound sterling was up by 0.15% compared to the dollar and sold for $1.26964 at 8:59 am CET.