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European shares rise with the focus on data, Fed's Powell

European shares rose on Wednesday, joining Asian peers, although caution remained amid disappointing China factory activity data, and as investors looked to U.S. Federal Reserve Chair Jerome Powell's speech for more clues on monetary policy stance.

Broad-based gains saw the pan-European STOXX 600 index SXXP rise 0.3% by 0825 GMT, on track to break a three-day losing streak. The index is up around 6.4% for November, putting it on course for its second straight month in the black.

Luxury stocks were among the biggest boosts to the STOXX 600 on the day, followed by tech (.SXPP) and energy stocks (.SXEP).

Investors will also be eyeing euro zone inflation data which is expected to have cooled year-on-year in November.

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