LONDON ( The Deal) -- Europe's major stock indices recovered from Tuesday's selloff, following Chinese stocks higher amid hopes weak price data will encourage the People's Bank of China to relax monetary policy in order to spur growth.
But Greek indices continued to fall with Greek government bonds amid worries next week's snap presidential elections could lead to the anti-austerity Syriza party taking power, and unleash carnage for investors. The Athens Stock Exchange General Index was down 0.73% at 869.23, having tumbled 13% on Tuesday.
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Chinese consumer prices unexpectedly slipped by 0.2% in November from the month before, with the pace of annual inflation slowing to 1.4%, the lowest rate in five years. Producer prices fell by 2.7% on the year, more than expected.
In London, the FTSE 100 was up 0.21% at 6,543.36. In Frankfurt, the DAX rose 0.74% to 9,866.46. The CAC 40 in Paris climbed 0.43% to 4,282.23.
In London, equipment rental company Ashstead Group led the FTSE 100 higher, rising almost 8% as it posted strong first-half results and lifted its profit forecast for the full year.
Restructuring outsourced services provider Serco (SECCY) rose more than 6% on news that the Australian government has renewed its contract to provide immigration services following a competitive tender. The government values the contract at A$1.9 billion ($1.6 billion) over five years, but the price depends on the volume of work.