European equities climbed to fresh all-time highs on Wednesday, buoyed by optimism that the longest U.S. government shutdown in history could soon end, as lawmakers prepared for a decisive vote in the House of Representatives.

Investor sentiment was further supported by softer inflation data out of Germany, easing concerns about price pressures in Europe’s largest economy.

According to final figures from Destatis, German consumer prices rose 2.3% year-on-year in October, down slightly from 2.4% in September and fully in line with preliminary estimates.

“The continued above-average rise in service prices was a driving force behind inflation,” said Destatis President Ruth Brand.

Meanwhile, EU-harmonized inflation also slowed to 2.3% from 2.4% in the prior month, matching expectations.

In regional markets, both the French CAC 40 and German DAX gained 1.3%, reaching record levels, while the UK’s FTSE 100 was little changed.

Among individual movers, LEG Immobilien (TG:LEG) rose 1.6% after reporting solid nine-month results and reaffirming that it remains on track to meet its full-year guidance.

RWE (TG:RWE) jumped 3.3% after the German energy producer posted better-than-expected nine-month earnings, while Infineon (TG:IFX) gained 1% after raising its 2026 sales target for the AI power supply division.

In the healthcare and agribusiness sector, Bayer (TG:BAYN) advanced 2.4% after its third-quarter adjusted profit exceeded market forecasts.

Elsewhere, Swiss Life (TG:SLW) slipped 2.3% following mixed nine-month results, while ABN AMRO (EU:ABN) climbed 2.4% after announcing an agreement to acquire NIBC Bank from private equity firm Blackstone.

In London, BAE Systems (LSE:BA.) rose around 1% after the defense contractor reaffirmed its annual outlook, while Taylor Wimpey (LSE:TW.) fell 3.2% as the average weekly number of private sales per site dropped 11% during the key autumn period.

Meanwhile, Edenred (EU:EDEN) plunged 8.2% after the French voucher company warned of a reduction in its 2026 profit guidance, dampening sentiment in the financial services sector.

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