OREANDA-NEWS   Stock indexes of Western European countries rose on Wednesday after declining following the results of several previous sessions.

The Stoxx Europe 600 composite index of the largest companies in the region increased by 0.92% to 644.49 points.

The German DAX gained 1.4%, the French CAC 40 - 1.1%, the Italian FTSE MIB and the Spanish IBEX 35 - 1.2% each.

The British FTSE 100 rose by less than 0.2%. Statistical data showing a significant acceleration of inflation in the UK last month became a deterrent for the market. Consumer prices in the country rose by 3.5% in September compared to the same month a year earlier, the National Statistical Office (ONS) of the country reported. Inflation accelerated from 3.1% in August to the highest in 11 months.

The increase in inflation rates, along with strong statistics on the UK labor market, released the day before, contributes to an increase in expectations of a key rate hike by the British Central Bank as early as next month.

Mining stocks showed a noticeable decline in trading in London on Wednesday. Fresnillo's market value dropped by 2.1%, Antofagasta - by 2%, Endeavour Mining - by 0.5%, Rio Tinto - by 1%.

In addition, securities of financial companies Aberdeen Group (-4.1%) and 3i Group (-3.9%), as well as luxury goods manufacturer Burberry (-2.4%) fell in price.

The stock prices of oil and gas companies have increased due to the renewed rise in oil prices. The capitalization of BP Plc increased by 1.9%, TotalEnergies - by 1.2%, Eni - by 1.8%.

The value of securities of the Franco-Italian manufacturer of corrective and sunglasses EssilorLuxottica jumped by 15% due to the company's strong reporting for the third quarter. The company's revenue increased by 7%, excluding exchange differences, to 7.49 billion euros, which exceeded the consensus forecast of 7.36 billion euros by Visible Alpha analysts. Revenue from the sale of smart glasses jumped by 20%.

The growth leader among the components of the Stoxx Europe 600 was the shares of the Dutch recruitment company Randstad (+20%), whose quarterly results also turned out to be better than the market forecast.

The securities of adidas AG, which released preliminary reports for the third quarter the day before, increased in price by 1.7%. The German manufacturer of sporting goods increased revenue by 9% last quarter, to a record 7.25 billion euros.

The share price of Akzo Nobel increased by 4.3%. One of the world's largest manufacturers of paints and coatings reduced its net loss by 8% in the third quarter, while its revenue remained virtually unchanged.

Carrefour's capitalization collapsed by 13.8%, and the company's shares became the leader of the decline in the consolidated European index. The French supermarket chain operator lowered its annual forecasts, noting an "unprecedented" deterioration in the social and security situation.

Michelin's market value dropped by 7.2%. The car tire manufacturer announced yesterday a 0.5% decrease in quarterly revenue in annual terms and confirmed its annual forecast.